ZIP Code 47224

Canaan, IN — income, home value, property tax, and sales tax.

Median household income
$61,618
Per-capita income
$22,185
Median home value
$194,600
Property tax rate
0.64%
Combined sales tax
7.00%

In ZIP code 47224, near Canaan, households earn a median of $61,618, while per-capita income sits at $22,185. County property taxes run at an effective rate of 0.64%, so a home's assessed value is taxed at well under a penny on the dollar, though actual bills depend on that value. Sales taxes combine to 7.00% on purchases. Together, these figures sketch a place where income spreads across a wide range of households, housing costs stay tied to local assessments, and everyday spending carries a moderate sales tax load.

See how Canaan, IN taxes stack up

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