KNOX COUNTY ASSESSOR’S OFFICE
The Knox County Assessor’s Office locates, identifies, and appraises all taxable property accurately, uniformly, and equitably in accordance with Indiana law. We serve the public with integrity in a helpful, professional, knowledgeable and timely manner. Our employees are empowered to improve themselves and the Assessor’s Office through continued training and career development. We communicate our policies, procedures, and information openly and honestly using the best available technology. We seek innovation and improvement to remain good stewards of the public’s resources. We treat everyone with respect, dignity and compassion.
Every year, the Assessor’s office performs a trending analysis of all real parcels. Trending is a way of assessing the value of real estate to account for changes in the marketplace. It requires assessors to research sales of properties in a particular area over the previous 14-month period. Using that information, we then estimate the values of other properties in the same area to determine an assessed value. Since property values rise and fall over time, annual adjustments ensure an assessment reflects market value-in-use of a property.
Assessments are used as a way to divide an individual’s burden to the overall levy that is established by each government unit. After the gross assessed value is determined, the Auditor applies deduction and other credits which also shift the overall burden.