Farmland, IN — income, home value, property tax, and sales tax.
In ZIP code 47393, near Farmland, homes carry a median value of $164,000, and the county's 0.81% effective property tax rate works out to roughly $1,328 a year for a home at that price. With median household income at $71,111, that tax bill equals about 1.9% of annual earnings, a share many owners would find workable alongside a mortgage. Per-capita income sits at $29,721, so individual earnings vary widely across households. A combined sales tax of 7.00% applies to purchases in the area, adding a bit to everyday costs.
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