Silver Spring, MD — income, home value, property tax, and sales tax.
In ZIP code 20880, near Silver Spring, households earn a median of $134,583, with per-capita income at $83,763. Homes here carry a median value of $612,700, and the county-level property tax rate of 0.86% translates to a moderate annual bill on that amount. Sales tax in the area is 6.00%, applied to everyday purchases. Together, these figures sketch a picture of an affluent community where housing costs are substantial but income levels run high enough to support them, and both tax rates stay below what many comparable jurisdictions charge.
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