Friendship, IN — income, home value, property tax, and sales tax.
In ZIP code 47021, near Friendship, the county-level effective property tax rate is 0.56%, so a home's assessed value translates into a comparatively contained annual tax bill. Combined with a 7.00% sales tax rate on purchases, the overall cost structure leans on consumption rather than property ownership. What a household actually pays depends on how local home values line up against area earnings; where incomes trail prices, even a lower rate can absorb a noticeable share of take-home pay. Buyers weighing a move here should compare their expected mortgage plus tax against wages, since the sales tax adds ongoing expense beyond the yearly property levy.