Silver Spring, MD — income, home value, property tax, and sales tax.
ZIP code 20815, in the Silver Spring area, ranks among the wealthier places in the region, with a median household income of $194,971 and per-capita income of $133,313. Homes here carry a median value of $1,294,200, and the county-level effective property tax rate of 0.86% translates into a substantial annual bill on that value. A combined sales tax of 6.00% applies to purchases. Households in this bracket absorb both costs without much strain, since income and property wealth run high enough to cover the tax load comfortably.
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