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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Multnomah County School District No. 40</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oregon State Facilities Authority</name>
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          <isin value="US68608JWH03"/>
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        <name>Salem Hospital Facility Authority</name>
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        <name>Haven at Elgin LLC</name>
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        <name>State of Oregon Housing &amp; Community Services Department</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>Tri-County Metropolitan Transportation District of Oregon</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>South Carolina State Housing Finance &amp; Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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        <name>Union County Hospital Facility Authority</name>
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      <invstOrSec>
        <name>Port of Portland OR Airport Revenue</name>
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        <name>Washington Clackamas &amp; Yamhill Counties School District No. 88J</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Medford Hospital Facilities Authority</name>
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          <isin value="US584283HD09"/>
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        <valUSD>9142807.07000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Forest Grove OR</name>
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          <isin value="US345648DQ95"/>
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        <balance>6575000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Warm Springs Reservation Confederated Tribe</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Oregon State Facilities Authority</name>
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        <name>State of Oregon</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Port of Portland OR Airport Revenue</name>
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        <name>State of Oregon</name>
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        <name>Rockwood Water People's Utility District</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Clackamas County School District No. 12 North Clackamas</name>
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      <invstOrSec>
        <name>Washington &amp; Clackamas Counties School District No. 23J Tigard-Tualatin</name>
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        <name>Multnomah &amp; Clackamas Counties School District No. 10JT Gresham-Barlow</name>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Series 2024 A-2</title>
        <cusip>74441XHX0</cusip>
        <identifiers>
          <isin value="US74441XHX03"/>
          <other otherDesc="Inhouse Asset ID" value="1419102"/>
        </identifiers>
        <balance>11650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6824990.57000000</valUSD>
        <pctVal>0.866452208537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>Clackamas County School District No. 12 North Clackamas</name>
        <lei>N/A</lei>
        <title>Clackamas County School District No. 12 North Clackamas, Series 2017 A</title>
        <cusip>179093LC1</cusip>
        <identifiers>
          <isin value="US179093LC11"/>
          <other otherDesc="Inhouse Asset ID" value="1511004"/>
        </identifiers>
        <balance>1060000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>564070.20000000</valUSD>
        <pctVal>0.071610336387</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>
