Silver Spring, MD — income, home value, property tax, and sales tax.
In ZIP code 20817, near Silver Spring, homes carry a median value of $1,183,600, and the county's 0.86% effective property tax rate translates to roughly $10,180 a year in taxes on such a home. Households earning the median $249,332 can absorb that cost, though it still claims a noticeable share of annual income. Per-capita income stands at $127,135. A 6.00% combined sales tax applies to purchases in the area. High earnings alongside seven-figure home values shape how far housing costs stretch here, with property taxes forming a recurring expense owners must plan around.
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