ZIP Code 20701

In ZIP code 20701, near Annapolis, households earn a median of $85,594, while per-capita income reaches $79,429. The county-level effective property tax rate of 1.17% means a home's assessed value drives the annual bill directly: at $400,000, taxes would run about $4,680; at $600,000, closer to $7,020. Because earnings here sit well above many parts of Maryland, those payments consume a smaller share of household budgets than they would elsewhere. Sales tax adds 6.00% to purchases. The interplay between solid incomes and a mid-range rate shapes how far housing dollars stretch in this area.