Fairmount, IN — income, home value, property tax, and sales tax.
In ZIP code 46957, near Fairmount, homes carry a median value of $79,500, and the county-level effective property tax rate of 0.72% works out to roughly $572 a year in taxes on such a home. With median household income at $49,444, that tax equals about 1.2% of annual household earnings, and per-capita income stands at $25,087. A combined sales tax rate of 7.00% applies to purchases in the area. Lower home values here mean property taxes take a smaller bite of earnings than in many places, though the sales tax still adds to everyday costs.
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