Farmland, IN — income, home value, property tax, and sales tax.
Households in ZIP code 47340, near Farmland, report a median income of $63,205, with per-capita income at $31,765. Homes here carry a median value of $175,200, and the county-level property tax rate of 0.79% works out to roughly $1,384 annually on such a home. Sales tax in the area totals 7.00%, which applies to everyday purchases. Together, these figures sketch a cost picture where housing values and property taxes stay below what many larger markets see, while the sales tax rate matches common Indiana levels.
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