Alamo, IN — income, home value, property tax, and sales tax.
In ZIP code 47989, near Alamo, homes carry a median value of $122,700, and the county-level effective property tax rate of 0.65% works out to roughly $798 a year on such a home. With median household income at $104,048, that tax bill absorbs well under 1% of annual earnings, and per-capita income stands at $42,970. A combined sales tax rate of 7.00% applies to purchases. The gap between what residents earn and what housing costs here shapes a market where property taxes take only a thin slice of household budgets.
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