ZIP Code 40997

In ZIP code 40997, near Gray, homes carry a median value of $64,100, and the county-level property tax rate of 0.66% works out to roughly $423 a year on such a home. Against per-capita income of $25,694, that tax equals about 1.6% of annual earnings — a light load by most standards, helped by the low assessed value. Day-to-day purchases face a 6.00% combined sales tax. Low housing prices paired with a low effective rate mean ownership here demands little income, though the same low values that keep taxes down also reflect limited local demand.