Canaan, IN — income, home value, property tax, and sales tax.
With a median household income of $79,398 and per-capita income of $36,858, ZIP code 47227, centered on Canaan, sits in middle-income territory. Homes here carry a median value of $178,400, and the county-level property tax rate of 0.60% works out to a comparatively gentle annual bill on that value. A 7.00% combined sales tax applies to purchases. Taken together, the tax structure leans lightly on homeowners, while everyday spending carries the higher rate.
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