The median sales price of a Knox County home in the fourth quarter of 2022 was $75,000, based on data from the 129 properties sold during that time. In 2021 the median tax bill for the county was $1,474, which is 2% of the median value of the homes that were taxed.
This is 1.8 times higher 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 Abingdon, Dahinda, and Maquon paid the highest rates.
The following table compares Abingdon with some other cities belonging to Knox County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2022.
City | Q4 2022 Sales | Q4 2022 Median Price | Median tax 2022 | Effective tax rate |
---|---|---|---|---|
Abingdon | 3 | $34,000 | $1,303 | 3.8% |
Dahinda | 1 | $58,000 | $1,964 | 3.4% |
Maquon | 2 | $52,500 | $1,201 | 2.3% |
Oak Run | 4 | $347,500 | $7,232 | 2.1% |
Galesburg | 117 | $74,000 | $1,498 | 2% |
Knoxville | 2 | $132,000 | $1,994 | 1.5% |