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Sunday, November 24, 2024

Knox County effective property tax rate in Q2 2022 was lower than the national average

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Property owners in Knox County paid 0.8% of the value of their homes in property taxes in the second quarter of 2022, which is less than 0.7 times the national average, according to the real estate analysis posted by the Licking Today.

The median sales price of a Knox County home in the second quarter of 2022 was $182,000, based on data from the 117 properties sold during that time. In 2019 the median tax bill for the county was $1,501, which is 0.8% of the median value of the homes that were taxed.

This is 0.7 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Knox County real estate data showed homeowners in Apple Valley, Gambier, and Mount Vernon paid the highest rates.

The following table compares Apple Valley with some other cities belonging to Knox County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2022.

CityQ2 2022 SalesQ2 2022 Median PriceMedian tax 2022Effective tax rate
Apple Valley36$238,750$2,6491.1%
Gambier2$236,500$2,5631.1%
Mount Vernon39$140,000$1,4101%
Fredericktown11$180,000$1,5500.9%
Danville6$130,500$1,1010.8%
Centerburg10$220,500$1,8720.8%

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