Canaan, IN — income, home value, property tax, and sales tax.
In ZIP code 47230, near Canaan, households bring in a median of $80,729 a year, while per-capita income sits at $34,398. A median home value of $238,400 taxed at the county's 0.64 percent effective rate works out to roughly $1,526 in annual property taxes. Add the 7.00 percent combined sales tax on purchases, and everyday spending carries a bit more weight than the property tax bill does. With earnings at this level, covering housing costs and consumption taxes still leaves room for saving or other priorities, though the sales tax quietly shapes what each dollar buys.
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