Indianapolis, IN — income, home value, property tax, and sales tax.
In ZIP code 46241, on Indianapolis's southwest side, homes carry a median value of $130,200 while the county-level effective property tax rate sits at 0.91%. That combination yields an annual property tax bill of roughly $1,185. With median household income at $53,653 and per-capita income of $20,994, the tax equals about 2.2% of a typical household's yearly earnings. Sales tax in the area runs 7.00%, adding to everyday costs. Home prices here stay within reach of area wages, though the gap between per-capita and household income hints at how many earners a household may depend on.
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