Morganfield, KY — income, home value, property tax, and sales tax.
In ZIP code 42437, which takes in Morganfield, homes carry a median value of $109,800, and the county-level effective property tax rate of 0.89% works out to roughly $977 a year on a house at that price. With median household income at $65,256, that tax bill equals about 1.5% of yearly earnings, a share that stays contained even alongside a 6.00% combined sales tax. Per-capita income of $30,720 is lower, so single earners may feel the cost of ownership more sharply than households with two incomes.
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