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        <name>California County Tobacco Securitization Agency</name>
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          <maturityDt>2028-11-01</maturityDt>
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        <name>Delaware State Economic Development Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Jacksonville Transportation Authority</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Houston TX Combined Utility System Revenue</name>
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          <isin value="US44244CSL27"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kentucky Public Energy Authority</name>
        <lei>N/A</lei>
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          <isin value="US74440DAR52"/>
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        <name>Michigan State Housing Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Maryland</name>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>State of Wisconsin</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Las Vegas Valley Water District</name>
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        <name>University of California</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-09-01</maturityDt>
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        <name>Board of Regents of the University of Texas System</name>
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          <isin value="US91514AGK51"/>
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        <valUSD>4088520.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Geisinger Authority</name>
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          <isin value="US368497HH96"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>North Carolina Medical Care Commission</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-10-01</maturityDt>
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          <annualizedRt>0.01000100</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Water &amp; Sewer System</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-15</maturityDt>
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          <annualizedRt>0.01000100</annualizedRt>
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        <valUSD>5952650.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New York State Energy Research &amp; Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Orlando-Orange County Expressway Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia College Building Authority</name>
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        <name>Westmoreland County Industrial Development Authority</name>
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        <name>Athens-Clarke County Unified Government Development Authority</name>
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        <name>Chicago Park District</name>
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        <name>Franklin Liberty Federal Tax-Free Bond ETF</name>
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      <invstOrSec>
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        <name>Jacksonville Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Shelby County Health Educational &amp; Housing Facilities Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Unified School District</name>
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        <name>Texas Transportation Commission State Highway Fund</name>
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        <name>University of Hawaii</name>
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        <name>State of Michigan</name>
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        <name>University of Hawaii</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Auburn School District No. 408 of King &amp; Pierce Counties</name>
        <lei>N/A</lei>
        <title>Auburn School District No. 408 of King &amp; Pierce Counties</title>
        <cusip>494619EH8</cusip>
        <identifiers>
          <isin value="US494619EH88"/>
          <other otherDesc="Inhouse Asset ID" value="921938"/>
        </identifiers>
        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2159000.00000000</valUSD>
        <pctVal>0.160463035827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2021-03-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Tax Free Trust</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
