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Franklin County Board approves 2025–26 property tax rates; real estate rate rises to 74.2
Summary
The Franklin County Board of Education approved the 2025–26 local property tax rates, raising the real estate/tangible personal property rate to 74.2 and keeping the motor vehicle rate at 51 cents. Board members said the small rate change will yield modest additional revenue to support district operations.
The Franklin County Board of Education voted to set the 2025–26 local property tax rates at 74.2 for real estate and tangible personal property and to retain the motor vehicle rate at 51 cents, a motion the board approved by voice vote.
Board leaders told members the change from 74.1 to 74.2 represents a 0.1 increase that the presenter characterized as about $1 per $100,000 of assessed value (about $3 for a $300,000 home) and said the adjustment will generate roughly 4% more revenue for the district. The board recorded the motion, heard a second, and approved the rates with no recorded opposition.
The board reviewed a history of recent levies: 70.8 in 2022–23, 72.1 in 2023–24 and 74.1 in 2024–25. A presenter told the board that assessments in Franklin County have increased, which helped produce the additional revenue without a large tax-rate shift. The motor vehicle rate of 51 cents was described at the meeting as unchanged since 1983.
Board members discussed county growth and one member noted that recent federal funding questions had been resolved and that legally obligated funds were released to the district. No amendments to the proposed rates were offered during the discussion.
The board approved the motion by voice vote; members responding “aye” and the chair declared the motion passed.
