From January through March of 2017, there were 40 homes sold, with a median sale price of $91,500 - a 1.8% increase over the $89,900 median sale price for the same period of the previous year. There were 45 homes sold in Mount Vernon in the first quarter of 2016.
The median sales tax in Mount Vernon for 2017 was $1,231. In 2016, the median sales tax was $1,126. This marks an increase of 9.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.3%.
The following table compares Mount Vernon to other Knox County cities in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Gambier | 4 | 0 | - | $167,500 | $0 | - |
| Apple Valley | 40 | 27 | 48.1% | $143,950 | $116,500 | 23.6% |
| Mount Vernon | 40 | 45 | -11.1% | $91,500 | $89,900 | 1.8% |
| Centerburg | 4 | 4 | 0% | $86,885 | $157,450 | -44.8% |
| Danville | 4 | 4 | 0% | $57,500 | $63,750 | -9.8% |
| Fredericktown | 8 | 5 | 60% | $45,000 | $45,000 | 0% |
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