Silver Spring, MD — income, home value, property tax, and sales tax.
In ZIP code 20860, near Silver Spring, per-capita income reaches $88,426, while the median home value stands at $654,200. A county-level effective property tax rate of 0.86% applies to that housing value, and the combined sales tax rate is 6.00%. Together these figures sketch a household profile with strong earning power set against substantial home values. The property tax rate keeps annual housing-related taxes below one percent of value, and the sales tax adds six cents on each taxable dollar spent, shaping the everyday cost of living alongside mortgage or rent obligations.