Fredericktown, Knox County, Ohio Property Taxes
Median Fredericktown, OH effective property tax rate: 1.85%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Fredericktown, OH home value: $125,440
Median annual Fredericktown, OH tax bill: $2,286, $114 lower than the national median property tax bill of $2,400.
How are property taxes in Knox calculated?
Property taxes in Fredericktown, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Fredericktown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fredericktown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fredericktown, Knox County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.85%
Estimate Property Tax Bill
$2,321
$2,153
Ownwell’s Fredericktown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fredericktown with just two data points.
By entering your property's estimated assessed value, our calculator applies Fredericktown’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Knox County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Fredericktown, Knox County, Ohio
Local government entities set tax rates, which can vary widely within a state. This is because each year, counties like Knox estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Fredericktown, located in Knox County, the effective property tax rate is 1.85%, which is notably higher than the national median rate of 1.02%. This means that property owners in Fredericktown may experience higher tax bills compared to those in other parts of the country. The median property tax bill in the U.S. is $2400, so it's important for property owners in Fredericktown to understand how their local tax rate could impact their overall expenses. By comparing Fredericktown’s rate to other cities in Ohio and the median rates in Ohio and the U.S., property owners can gain valuable insights into their tax liabilities.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Fredericktown Tax Rate
1.85%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Knox County Tax Rate
1.84%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fredericktown, Knox County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43019 | 1.41% | 1.68% | 1.85% | 1.98% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Fredericktown, Knox County, Ohio
When examining property taxes in Fredericktown, OH, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Knox County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Knox County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Fredericktown.
For example, the median home price in Fredericktown is $125,440, with tax bills ranging significantly across the county. Zip code 43019 has the highest median home price at $125,440.
Property Tax Assessment Values Across Fredericktown, Knox County, Ohio
Source: Ownwell
$55,820
$145,393
$234,965
Median Fredericktown Market Value
$125,440
Median Knox County Market Value
$133,520
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fredericktown, Knox County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43019 | $27,558 | $79,620 | $125,440 | $200,200 | $298,750 |
Source: Ownwell
Property Tax Bills Across Fredericktown, Knox County, Ohio
In Fredericktown, Knox County, OH, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value of the property. Knox County's property tax bills vary significantly, with the 25th percentile at $1,499 and the 75th percentile at $3,480. The highest median tax bill in the area is $2,286, which is below the national median of $2,400. Homeowners in Fredericktown face tax bills that can impact their financial planning, especially if their property falls into the higher percentiles.
Ownwell offers a solution to help homeowners in Fredericktown potentially reduce their property tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist in filing appeals to lower assessed values. This service can lead to significant savings for homeowners, ensuring they only pay their fair share. With expert guidance, homeowners can navigate the complexities of property tax appeals and exemptions, easing the financial burden of property taxes.
Median Fredericktown Tax Bill
$2,286
Median Knox County Tax Bill
$2,431
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Fredericktown, Knox County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43019 | $643 | $1,499 | $2,286 | $3,480 | $4,876 |
Source: Ownwell
