Indianapolis, IN — income, home value, property tax, and sales tax.
In ZIP code 46165, near Indianapolis, homes carry a median value of $346,500, and the county-level effective property tax rate of 0.81% works out to roughly $2,807 a year in taxes on that median home. With median household income at $86,488, that tax bill equals about 3.2% of annual household earnings. Per-capita income sits at $45,956. A combined sales tax rate of 7.00% applies to purchases in the area. Home values here are high enough that property taxes claim a meaningful share of income, though earnings in this ZIP help offset the cost.
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