Bloomington, IN — income, home value, property tax, and sales tax.
In ZIP 47429, near Bloomington, homes carry a median value of $246,800 while households bring in a median of $92,378. The county's 0.71% effective property tax rate works out to roughly $1,752 a year on a home at that median value — a sum that eats up under two percent of typical household income. With per-capita income at $41,054, owners here absorb property taxes without much strain on their budgets. Sales taxes run 7.00% combined for purchases in the area, adding a bit to everyday costs.
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