Indianapolis, IN — income, home value, property tax, and sales tax.
In ZIP code 46205, on Indianapolis's north side, homes carry a median value of $304,500 while the county-level effective property tax rate sits at 0.91%. That works out to roughly $2,771 in annual property taxes, a figure that lands differently depending on household earnings. Median household income here is $72,417, with per-capita income at $50,168, so the tax bill equals about 3.8% of the median household's yearly earnings. Sales taxes add 7.00% to purchases. Buyers weighing a move into 46205 should factor both the purchase price and the ongoing tax obligation into what they can carry.
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