Mount Vernon, Knox County, Ohio Property Taxes
Median Mount Vernon, OH effective property tax rate: 1.79%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Mount Vernon, OH home value: $115,590
Median annual Mount Vernon, OH tax bill: $2,069, $331 lower than the national median property tax bill of $2,400.
How are property taxes in Knox calculated?
Property taxes in Mount Vernon, 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 Mount Vernon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Vernon, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mount Vernon, Knox County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.79%
Estimate Property Tax Bill
$2,069
$1,920
Property Tax Rates Across Mount Vernon, Knox County, Ohio
Local government entities set property tax rates, which can differ significantly within a state. This variation occurs because each county annually determines its required budget to deliver essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the fundamental annual process.
In Mount Vernon, Knox County, the effective property tax rate is 1.79%, which is notably higher than the national median property tax rate of 1.02%. This means that homeowners in Mount Vernon pay a higher percentage of their property's assessed value in taxes compared to the national average. The median property tax rate in Ohio is also 1.79%, aligning with Mount Vernon's rate. When comparing Mount Vernon's property tax rate to other cities in Ohio, it stands at the higher end, as 1.79% is the highest recorded rate in the state, according to available data. Understanding these rates can help homeowners make informed decisions regarding property ownership and potential tax liabilities in Mount Vernon.
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 Mount Vernon Tax Rate
1.79%
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 Mount Vernon, Knox County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43050 | 1.48% | 1.66% | 1.79% | 1.92% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Mount Vernon, Knox County, Ohio
When examining property taxes in Mount Vernon, Ohio, 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 the season. 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 Mount Vernon. For example, the median home price in Mount Vernon is $115,590, with tax bills ranging significantly across the county. Zip code 43050 has the highest median home price at $115,590.
Property Tax Assessment Values Across Mount Vernon, Knox County, Ohio
Source: Ownwell
$55,820
$145,393
$234,965
Median Mount Vernon Market Value
$115,590
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 Mount Vernon, Knox County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43050 | $39,650 | $74,430 | $115,590 | $185,205 | $279,780 |
Source: Ownwell
Property Tax Bills Across Mount Vernon, Knox County, Ohio
In Mount Vernon, Knox County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value, impacting the homeowner's tax bill. In Mount Vernon, homeowners face a median property tax bill of $2,069, which is slightly below the national median of $2,400. However, tax bills can range significantly, with the 25th percentile at $1,295 and the 90th percentile reaching $4,894, reflecting the variability in property values and tax rates within the area.
Ownwell can assist homeowners in Mount Vernon by reviewing their property assessments and identifying potential inaccuracies or opportunities for exemptions. By appealing incorrect assessments or applying for eligible exemptions, Ownwell helps homeowners reduce their tax burden, ensuring they pay only their fair share. This service not only saves money but also provides peace of mind to property owners.
Median Mount Vernon Tax Bill
$2,069
Median Knox County Tax Bill
$2,431
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Mount Vernon, Knox County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43050 | $711 | $1,295 | $2,069 | $3,319 | $4,894 |
Source: Ownwell