Morgantown, IN — income, home value, property tax, and sales tax.
With a per-capita income of $20,983, ZIP code 47435 sits in working-class territory, well below what many American households earn. Property taxes here run at an effective rate of 0.44% at the county level, so a home's assessed value is taxed at less than half a percent each year. Morgantown residents also pay a combined 7.00% sales tax on purchases. Taken together, the picture is one of a community where incomes are limited but the annual tax bite on property stays contained, while everyday spending carries a moderate sales tax load.