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        <fairValLevel>2</fairValLevel>
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        <name>Salem-Keizer School District No. 24J</name>
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        <name>Puerto Rico Electric Power Authority</name>
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      <invstOrSec>
        <name>EP Cimarron Ventanas PFC</name>
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        <name>Jackson County School District No. 5 Ashland</name>
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        <name>Oregon State Facilities Authority</name>
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        <name>Salem Hospital Facility Authority</name>
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        <name>Metro</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <name>Multnomah County School District No. 40</name>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oregon State Facilities Authority</name>
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        <name>Multnomah County School District No. 40</name>
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        <name>Tri-County Metropolitan Transportation District of Oregon</name>
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        <name>Marion &amp; Linn Counties School District No. 14J Jefferson</name>
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        <name>South Carolina State Housing Finance &amp; Development Authority</name>
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        <name>Union County Hospital Facility Authority</name>
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        <name>Washington Clackamas &amp; Yamhill Counties School District No. 88J</name>
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      <invstOrSec>
        <name>Medford Hospital Facilities Authority</name>
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      <invstOrSec>
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        <name>Warm Springs Reservation Confederated Tribe</name>
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        <name>State of Oregon</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HTA TRRB Custodial Trust</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Louisville/Jefferson County Metropolitan Government</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Port of Portland OR Airport Revenue</name>
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        <name>Umatilla Hospital District No. 1</name>
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        <name>Clackamas River Water</name>
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        <name>Tillamook &amp; Yamhill Counties School District No. 101 Nestucca Valley</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Salem Hospital Facility Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>University of Oregon</name>
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        <name>Oregon State University</name>
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        <name>Santiam Canyon School District 129J</name>
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        <name>Lake Houston Redevelopment Authority</name>
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        <name>City of Tigard OR Water Revenue</name>
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        <name>Warm Springs Reservation Confederated Tribe</name>
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        <name>Multnomah County School District No. 40</name>
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        <name>Jackson County School District No. 6 Central Point</name>
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        <name>Deschutes County Administrative School District No. 1 Bend-La Pine</name>
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        <name>Washington County School District No. 15 Forest Grove</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Multnomah County School District No. 40</name>
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        <name>Salem Hospital Facility Authority</name>
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        <name>Washington Clackamas &amp; Yamhill Counties School District No. 88J</name>
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        <name>Port of Portland OR Airport Revenue</name>
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        <name>Medford Hospital Facilities Authority</name>
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        <name>Clackamas Community College District</name>
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        <name>Salem-Keizer School District No. 24J</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Central Lincoln People's Utility District JATC, Inc.</name>
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        <name>Multnomah County School District No. 40</name>
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        <name>Multnomah &amp; Clackamas Counties School District No. 10JT Gresham-Barlow</name>
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        <debtSec>
          <maturityDt>2037-06-15</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>
      <invstOrSec>
        <name>Puerto Rico Highway &amp; Transportation Authority</name>
        <lei>549300J6QBXVWJXB7Y41</lei>
        <title>Puerto Rico Highway &amp; Transportation Authority, Series 2022 A</title>
        <cusip>745197AA1</cusip>
        <identifiers>
          <isin value="US745197AA19"/>
          <other otherDesc="Inhouse Asset ID" value="1227843"/>
        </identifiers>
        <balance>94046.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92752.87000000</valUSD>
        <pctVal>0.010031543795</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-07-01</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>2023-10-02</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Tax Free Trust</ncom:nameOfApplicant>
      <ncom:signature>Ryan Wheeler</ncom:signature>
      <ncom:signerName>Ryan Wheeler</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
