Knightstown, IN — income, home value, property tax, and sales tax.
Households in ZIP code 47366, near Knightstown, report an average per-capita income of $283,092 — a figure that shapes nearly every other budget line here. Property taxes are levied at the county level at an effective rate of 0.73%, so a home's assessed value drives that annual bill. Day-to-day purchases carry a combined sales tax of 7.00%, which adds to the cost of goods but leaves income and property costs as the dominant factors. With earnings at this level, discretionary spending and savings capacity tend to be substantial, though the property tax still scales with whatever a home is worth.