From October through December of 2018, there were 63 homes sold, with a median sale price of $108,000 - a 18% increase over the $91,500 median sale price for the same period of the previous year. There were 57 homes sold in Mount Vernon in the fourth quarter of 2017.
The median sales tax in Mount Vernon for 2018 was $1,257. In 2017, the median sales tax was $1,231. This marks an increase of 2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.2%.
The following table compares Mount Vernon to other Knox County cities in the fourth quarter of 2018:
| City | Oct. - Dec. 2018 Home Sales | Oct. - Dec. 2017 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2018 Median Sales Price | Oct. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Centerburg | 3 | 6 | -50% | $256,858 | $99,250 | 158.8% |
| Apple Valley | 40 | 40 | 0% | $156,750 | $144,750 | 8.3% |
| Fredericktown | 7 | 11 | -36.4% | $119,500 | $106,500 | 12.2% |
| Gambier | 1 | 3 | -66.7% | $117,000 | $87,500 | 33.7% |
| Mount Vernon | 63 | 57 | 10.5% | $108,000 | $91,500 | 18% |
| Danville | 2 | 2 | 0% | $62,500 | $76,500 | -18.3% |
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