ZIP Code 47401

Morgantown, IN — income, home value, property tax, and sales tax.

Median household income
$66,906
Per-capita income
$50,720
Median home value
$285,200
Property tax rate
0.71%
Combined sales tax
7.00%

In ZIP code 47401, near Morgantown, homes carry a median value of $364,600, and the county's 0.71% effective property tax rate works out to roughly $2,589 a year on such a home. With median household income at $66,906 and per-capita income at $50,720, that tax equals about 3.9% of household earnings. Sales taxes add 7.00% on purchases. Buyers here weigh a sizable home price against steady local incomes, and the gap between the two shapes how much house residents can carry alongside their yearly tax bill.

See how Morgantown, IN taxes stack up

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