Gary, IN — income, home value, property tax, and sales tax.
Homes in ZIP code 46373, near Gary, carry a median value of $408,900, and the county-level effective property tax rate of 0.92% works out to roughly $3,760 a year on such a home. With median household income at $127,146 and per-capita income at $56,346, that tax bill takes a smaller share of earnings than it would in many places. The combined sales tax rate is 7.00%. High home values paired with strong incomes keep property taxes from weighing heavily on owners here.
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