Q: When are property taxes due in Franklin County for FY 2025-2026?
A: Property taxes for real estate, individual personal property, and business personal property are due September 1st each year. Late payments incur penalties and interest charges.
Q: What tax credits are available and how do I apply?
A: Franklin County offers several tax credits including disabled veteran homestead credit ($45,000 assessment reduction), elderly/disabled homestead exclusion (greater of $25,000 or 50% of assessed value), and other qualifying credits. All credits require separate application through the Franklin County Tax Department and are not automatically applied.
Q: How does the homestead credit work?
A: The homestead exclusion removes a portion of your home's assessed value from taxation rather than capping assessment increases. You must apply separately for this credit, and it applies only to your primary residence if you qualify based on age, disability, or income requirements.
Q: How often are properties reassessed in Franklin County?
A: Franklin County conducts periodic countywide reassessments to maintain current market values. Property owners receive notice of assessment changes and have appeal rights if they disagree with the new valuation.
Q: What are the penalties for late property tax payments?
A: Delinquent taxes incur late fees and interest charges that accrue monthly after the September 1st due date. Continued non-payment can result in tax liens and eventual foreclosure proceedings.
Q: Can I pay my property taxes online?
A: Contact the Franklin County Tax Department at 113 Market Street, Louisburg, NC 27549 for current online payment options and accepted payment methods.
Q: Do I owe additional taxes if I live in a city within Franklin County?
A: Yes, properties within incorporated municipalities typically owe separate city/town taxes in addition to county taxes. These are usually billed separately by the municipal government.
Q: What if I disagree with my property assessment?
A: Property owners have the right to appeal their assessment through the Franklin County Board of Equalization and Review. Appeal deadlines and procedures are provided with assessment notices.
Q: Are special district taxes included in my county tax bill?
A: Some special district taxes like fire district assessments may be included on your county tax bill, while others such as water/sewer district taxes may be billed separately. The total amount and billing method varies by property location.
Q: What happens if my mortgage company doesn't pay my taxes on time?
A: Contact both your lender and the Franklin County Tax Department immediately if you receive a delinquent notice while having an escrow account. Lender errors in escrow management can result in penalties that may be recoverable from the lender.
