Kokomo, IN — income, home value, property tax, and sales tax.
In ZIP code 46965, near Kokomo, per-capita income stands at $9,082, so home prices and property taxes weigh heavily on household budgets. The county's 0.72% effective property tax rate means a $100,000 home would carry roughly $720 in annual taxes — a sum that consumes a meaningful share of income at this earnings level. Combined with a 7.00% sales tax, everyday purchases also take a bite. Buyers here should weigh assessed values carefully against what they earn, since even a lower tax rate can strain finances when incomes are tight.