Taxes
The Ad Valorem Tax, or Property Tax, is assessed at 20% of the fair market value. There are some exemptions and incentives for this tax.
Ad Valorem/Property Tax Rates
Millage Rates for Franklin County | ||||||
|---|---|---|---|---|---|---|
| County | Hodges |
Phil | Red Bay | Russellville | Vina | |
| State General | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 |
| State Soldier | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 |
| State Education | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 |
| County General Fund | 11.7 | 11.7 | 11.7 | 11.7 | 11.7 | 11.7 |
| County Road & Bridge | 4.8 | 4.8 | 4.8 | 4.8 | 4.8 | 4.8 |
| Education | 10.0 | 10.0 | 10.0 | 10.0 | 17.87 | 10.0 |
| Municipal | N/A | 10.0 | 10.0 | 10.0 | 15.74 | 5.0 |
| TOTAL | 33 | 43 | 43 | 43 | 56.61 | 38 |
Manufacturing Machinery Sales & Use Tax Rates
General Sales and Use Tax Rates for Franklin County
| ||||||
|---|---|---|---|---|---|---|
| County | Hodges | Phil Campbell | Red Bay | Russellville | Vina | |
| State | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 |
| County | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Municipal | 0.0 | 0.5 | 0.25 | 0.5 | 0.0 | 0.5 |
| Education | 0.5 | 0.5 | 0.5 | 0.5 | 0.75 | 0.5 |
| TOTAL | 2.0 | 2.5 | 2.25 | 2.5 | 2.25 | 2.5 |
General Sales Tax Rate
General Sales Tax Rates for Franklin County | ||||||
|---|---|---|---|---|---|---|
| County | Hodges | Phil Campbell | Red Bay | Russellville | Vina | |
| State | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 |
| County | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Municipal | 0.0 | 1.0 | 2.0 | 2.5 | 3.0 | 2.0 |
| Education | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 |
| TOTAL | 6.0 | 7.0 | 8.0 | 8.5 | 9.0 | 8.0 |
Mortgage & Recording Taxes and Fees
| Item | Fee |
|---|---|
| Mortgage Tax | $1.50 per $1,000 |
| Deed Tax | $1.00 per $1,000 |
| First Page | $11.00 |
| Each Additional Page | $3.00 |
| More than two grantors | $1.00 each |
| Crossreferences | $1.00 per page |