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      <invstOrSec>
        <name>American Municipal Power, Inc.</name>
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        <name>Anthony Wayne Local School District</name>
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      <invstOrSec>
        <name>Apollo Joint Vocational School District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Beachwood City School District</name>
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      <invstOrSec>
        <name>Bedford City School District</name>
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          <isin value="US076365LZ62"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Big Walnut Local School District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Village of Bluffton OH</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bowling Green State University</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Butler County Port Authority</name>
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        <name>Butler County Port Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Pecan Public Facility Corp.</name>
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      <invstOrSec>
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        <name>Port of Greater Cincinnati Development Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Public Finance Authority</name>
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        <balance>3820000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3906293.04000000</valUSD>
        <pctVal>0.433903215577</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>
      <invstOrSec>
        <name>Westlake City School District</name>
        <lei>N/A</lei>
        <title>Westlake City School District, Series 2021 A</title>
        <cusip>960470NS7</cusip>
        <identifiers>
          <isin value="US960470NS74"/>
          <other otherDesc="Inhouse Asset ID" value="1199238"/>
        </identifiers>
        <balance>3965000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3592684.52000000</valUSD>
        <pctVal>0.399068208611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</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>
      <invstOrSec>
        <name>Winton Woods City School District</name>
        <lei>N/A</lei>
        <title>Winton Woods City School District, Series 2017</title>
        <cusip>97650EDR6</cusip>
        <identifiers>
          <isin value="US97650EDR62"/>
          <other otherDesc="Inhouse Asset ID" value="681338"/>
        </identifiers>
        <balance>7000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6933493.00000000</valUSD>
        <pctVal>0.770158530626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-01</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>
      <invstOrSec>
        <name>Wyoming City School District</name>
        <lei>N/A</lei>
        <title>Wyoming City School District, Series 2025</title>
        <cusip>983442JK1</cusip>
        <identifiers>
          <isin value="US983442JK18"/>
          <other otherDesc="Inhouse Asset ID" value="1454010"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3080529.00000000</valUSD>
        <pctVal>0.342178998117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-12-01</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>2026-06-30</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>
  <documents>XXXX</documents>
</edgarSubmission>
