Silver Spring, MD — income, home value, property tax, and sales tax.
In ZIP code 20850, near Silver Spring, households earn a median of $125,950, with per-capita income at $68,066. That earnings level shapes how housing costs land in the budget: the median home value here is $714,400, and the county-level effective property tax rate of 0.86% works out to roughly $6,144 a year for a home at that value. Day-to-day purchases carry a combined sales tax of 6.00%. Together, these figures sketch a place where incomes are high enough to support substantial home values, though the property tax bill tied to those values still claims a real share of annual earnings.
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