Silver Spring, MD — income, home value, property tax, and sales tax.
Households in ZIP code 20832, near Silver Spring, bring in a median income of $168,524, while per-capita income sits at $66,830. A median home value of $627,000 pairs with a county property tax rate of 0.86%, which works out to a real but not overwhelming annual bill. Sales tax in the area totals 6.00%, applied to everyday purchases. Together, these figures sketch a fairly prosperous corner of Montgomery County: strong earnings, high home values, and tax rates that stay below what many comparable markets charge.
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