ZIP Code 47557

In ZIP code 47557, near Bicknell, homes carry a median value of $151,600 while households earn a median of $84,375. Knox County's 0.68% effective property tax rate works out to roughly $1,031 annually on that median home, a figure that sits comfortably against the area's income levels. Per-capita income reaches $32,052, and shoppers pay a 7.00% combined sales tax on purchases. The gap between what residents earn and what they owe in property taxes leaves room in household budgets, though individual circumstances vary by assessment, exemptions, and whether a home is owned or rented.