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        <name>Alexandria Independent School District No. 206</name>
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        <name>Jordan Independent School District No. 717</name>
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        <name>Anoka-Hennepin Independent School District No. 11</name>
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        <name>Virginia Housing &amp; Redevelopment Authority</name>
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        <name>Gibbon Independent School District No. 2365/MN</name>
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        <name>Hastings Independent School District No. 200</name>
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        <name>Southern Minnesota Municipal Power Agency</name>
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        <name>Duluth Economic Development Authority</name>
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        <name>City of Rochester MN</name>
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        <name>North St. Paul-Maplewood-Oakdale Independent School District No. 622</name>
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      <invstOrSec>
        <name>City of Fridley MN</name>
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        <name>University of Minnesota</name>
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        <name>Hopkins Independent School District No. 270</name>
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        <name>Minnesota Higher Education Facilities Authority</name>
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        <name>Sauk Centre Public Utilities Commission Electric Revenue</name>
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        <name>Anoka-Hennepin Independent School District No. 11</name>
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        <name>Becker Independent School District No. 726</name>
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      <invstOrSec>
        <name>Western Minnesota Municipal Power Agency</name>
        <lei>549300LFJK9CQSN2NJ11</lei>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Duluth Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Duluth Economic Development Authority, Series 2022 A</title>
        <cusip>26444CJV5</cusip>
        <identifiers>
          <isin value="US26444CJV54"/>
          <other otherDesc="Inhouse Asset ID" value="1161009"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>433474.32000000</valUSD>
        <pctVal>0.070481088088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</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>Duluth Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Duluth Economic Development Authority, Series 2022 A</title>
        <cusip>26444CKE1</cusip>
        <identifiers>
          <isin value="US26444CKE11"/>
          <other otherDesc="Inhouse Asset ID" value="1161015"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>395964.96000000</valUSD>
        <pctVal>0.064382225054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>
