Silver Spring, MD — income, home value, property tax, and sales tax.
ZIP code 20895, in the Silver Spring area, ranks among the wealthier parts of the region, with a median household income of $173,625 and per-capita income of $80,663. Homes here are valued at a median of $781,500, and the county-level property tax rate of 0.86% translates into a substantial annual bill given those values. A combined sales tax of 6.00% applies to purchases. Households in this bracket absorb both costs without much strain, reflecting an affluent profile where high earnings accompany high housing prices and the taxes tied to them.
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