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        <fairValLevel>2</fairValLevel>
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        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Wayne County Airport Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>East Lansing School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lansing School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Caledonia Community Schools</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Grand Rapids MI Water Supply System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Great Lakes Water Authority Water Supply System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US39081JJS87"/>
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        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
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          <isin value="US59447TG802"/>
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        <name>South Redford School District</name>
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        <name>Charter Township of Bloomfield MI</name>
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        <name>Michigan State Hospital Finance Authority</name>
        <lei>54930011MIBQ2P7ZNM19</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-15</maturityDt>
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      <invstOrSec>
        <name>City of Lansing MI</name>
        <lei>N/A</lei>
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          <isin value="US516372UC15"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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        <name>Michigan Finance Authority</name>
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        <name>Michigan Finance Authority</name>
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        <name>Universal Academy</name>
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        <name>Michigan Finance Authority</name>
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        <name>Michigan State Hospital Finance Authority</name>
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        <name>County of Genesee MI Water Supply System Revenue</name>
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        <name>City of Detroit MI Water Supply System Revenue</name>
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        <name>Michigan Finance Authority</name>
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        <name>Melvindale Northern Allen Park Public Schools</name>
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        <name>Grand Traverse County Hospital Finance Authority</name>
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        <name>Michigan State Building Authority</name>
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        <name>Michigan Finance Authority</name>
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        <name>Grand Valley State University</name>
        <lei>5493004492FRREYG5M95</lei>
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        <name>Michigan Strategic Fund</name>
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        <name>Michigan Technological University</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Michigan State Housing Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Detroit MI Water Supply System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Michigan Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Grand Valley State University</name>
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        <name>Macomb Interceptor Drain Drainage District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lake Houston Redevelopment Authority</name>
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        <name>Michigan Finance Authority</name>
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        <name>Byron Center Public Schools</name>
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        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
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        <name>Guam Government Waterworks Authority</name>
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        <name>Ingham County Building Authority</name>
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        <name>Allegan Public School District</name>
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        <name>University of Michigan</name>
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        <name>Grosse Ile Township School District/MI</name>
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        <name>Byron Center Public Schools</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>County of Genesee MI Water Supply System Revenue</name>
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        <name>Caledonia Community Schools</name>
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        <balance>1360000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1363557.22000000</valUSD>
        <pctVal>0.209236808163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</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>
      <invstOrSec>
        <name>East Lansing School District</name>
        <lei>N/A</lei>
        <title>East Lansing School District, Series 2017 I</title>
        <cusip>273389JZ0</cusip>
        <identifiers>
          <isin value="US273389JZ04"/>
          <other otherDesc="Inhouse Asset ID" value="667384"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1532459.25000000</valUSD>
        <pctVal>0.235154694945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-01</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>
      <invstOrSec>
        <name>Melvindale Northern Allen Park Public Schools</name>
        <lei>N/A</lei>
        <title>Melvindale Northern Allen Park Public Schools, Series 2024</title>
        <cusip>585854FJ6</cusip>
        <identifiers>
          <isin value="US585854FJ68"/>
          <other otherDesc="Inhouse Asset ID" value="1368872"/>
        </identifiers>
        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1333580.56000000</valUSD>
        <pctVal>0.204636912709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-01</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>2025-09-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Tax Free Trust</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
