ZIP Code 20894

Silver Spring, MD — income, home value, property tax, and sales tax.

Median household income
N/A
Per-capita income
N/A
Median home value
$640,300
Property tax rate
0.86%
Combined sales tax
6.00%

In the Silver Spring area covered by ZIP code 20894, homeowners face a county-level property tax rate of 0.86%, while the combined sales tax sits at 6.00%. For a household weighing where to live and how far its paycheck stretches, those two figures shape the monthly picture differently: the property tax applies to what you own, the sales tax to what you buy. A higher earner carrying a larger mortgage feels the first more acutely, while everyday spending habits determine the second. Together they influence how much income stays available for savings, transportation, and other essentials in this part of Maryland.