The Borough of Franklin Park's revenues are derived from a combination of taxes, charges for services, donations, grants, fines and other miscellaneous sources. The Earned Income Tax constitutes 43.0% of the 2019 Budget, and the Real Estate Tax makes up 20.8%.
The following is a list of the local taxes imposed on a resident of Franklin Park:
Earned Income Tax - 1% (.5% Borough of Franklin Park, .5% North Allegheny School District)
Real Estate Property Tax - 24.4757 mills (18.4557 mills North Allegheny School District, 4.73 mills Allegheny County, 1.29 mills Borough of Franklin Park)
Real Estate Transfer Tax - 2% ( 1% Commonwealth of PA, .5% Borough of Franklin Park, .5% North Allegheny School District)