Franklin, VA 23851

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 2420 4100 $11,958 $1,510
(4.13% of returns)
$1,958
(4.96% of returns)
$5,150
$25,000 to $50,000 1570 2900 $30,838 $2,633
(9.55% of returns)
$6,716
(19.11% of returns)
$5,014
$50,000 to $75,000 750 1530 $43,211 $5,061
(17.33% of returns)
$15,460
(30.67% of returns)
$6,432
$75,000 to $100,000 510 1260 $47,869 $5,436
(21.57% of returns)
$20,212
(31.37% of returns)
$7,016
$100,000 to $200,000 540 1410 $69,805 $10,023
(38.89% of returns)
$24,717
(31.48% of returns)
$7,366
Over $200,000 90 210 $198,618 $34,500
(77.78% of returns)
$27,925
(44.44% of returns)
$8,042
For Zip 5880 11410 $36,918

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Income Tax Rates

Rate Minimum Income Maximum Income
0.02 0 3000
0.03 3000 5000
0.05 5000 17000
0.0575 17000 null

Property Tax Rates

Rate Rank (compared to Other States)
0.0086 30

Sales Tax Rates

State Rate Average Local Rate Combined Rate Rank (compared to Other States)
0.053 0.0035 0.0565 41