Silver Spring, MD — income, home value, property tax, and sales tax.
In ZIP code 20877, near Silver Spring, homes carry a median value of $474,800, and the county-level effective property tax rate of 0.86% translates to roughly $4,083 in annual taxes on such a home. With median household income at $92,800 and per-capita income of $38,973, that tax bill consumes a meaningful share of yearly earnings, though dual-income households absorb it more easily than single earners. A 6.00% combined sales tax adds to everyday costs. Buyers weighing a purchase here should factor both the mortgage and the recurring tax obligation into what they can genuinely sustain.
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