Tax Burden in ZIP Code 47401
Bloomington, IN — Monroe County
At the median income of $42,000, the estimated total tax burden in ZIP 47401 is $9,213 (21.9% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$4,200
FICA
$3,213
Property Tax
$1,800
Total Tax Burden
$9,213
21.9% effective
Tax Details for ZIP 47401
ZIP code 47401 is located in Monroe County, IN, within the Bloomington MSA metropolitan area. The area has a cost of living index of 90 (100 = national average), close to the national average.
The effective property tax rate is 0.80%. On the median home price of $225,000, this equals $1,800 per year ($150/month).
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