ZIP Code 20723

ZIP code 20723, in the Columbia area, ranks among Maryland's more affluent communities, with a median household income of $138,113 and per-capita income of $60,610. Homes here carry a median value of $525,400, and the county-level property tax rate of 1.17% translates into a substantial annual bill on a property at that price. A 6.00% combined sales tax applies to purchases in the area. Household earnings comfortably exceed state and national medians, yet the accompanying tax obligations on both property and everyday spending run higher than what many parts of the country see.