Silver Spring, MD — income, home value, property tax, and sales tax.
Households in ZIP code 20896, near Silver Spring, report a median income of $250,001, while per-capita income stands at $103,645. A median home value of $1,005,700 pairs with a county property tax rate of 0.86%, and the combined sales tax rate is 6.00%. Those two rates shape what a household keeps after housing and spending. High earnings accompany high home values here, so property taxes claim a meaningful dollar amount even at a lower percentage, and everyday purchases carry the 6.00% sales tax on top.
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