43050 Property Tax Rate

Property owners in ZIP code 43050 (Mount Vernon, Ohio) pay a median of $2,031/year in property taxes on homes valued at $199,000. This translates to an effective tax rate of 1.02%, which is 18% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 43050 is approximately $169, which factors into escrow payments on mortgages. This ZIP code is located within Knox County. This is $273 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 43050 has higher property taxes. ZIP codes with similar effective rates include 45359 (1.02%) and 45875 (1.02%).

In Mount Vernon, property taxes represent approximately 3.1% of the median household income of $65,044, providing context for the relative tax burden on homeowners in this area.

Ohio reassesses property at each sale, with the county auditor conducting triennial revaluations for existing owners; your purchase price becomes the new assessed value. Knox County primary residences receive a 2.5% Owner-Occupancy Credit (saving roughly $86 annually on the median home), and seniors 65+ or disabled homeowners qualify for the Homestead Exemption for further tax relief. Contact the Knox County Auditor within 30 days of closing to register both credits and verify your valuation.