ZIP Code 47250

In ZIP code 47250, which takes in Canaan, households bring in a median of $61,284 a year, while per-capita income stands at $33,728. A median home there is valued at $196,600, and the county-level property tax rate of 0.64% works out to roughly $1,258 annually on such a home. Adding a 7.00% combined sales tax on purchases, the area's tax structure leans on spending rather than ownership. That split leaves earners in Canaan with room to cover daily costs, since housing taxes take a smaller bite than the sales tax applied at checkout.