Silver Spring, MD — income, home value, property tax, and sales tax.
In ZIP code 20905, near Silver Spring, homes carry a median value of $656,700 while households bring in a median of $159,740. That relationship matters: the county's 0.86% effective property tax rate works out to roughly $5,650 a year on a home at that median value, a figure that stays within reach given the area's earnings. Per-capita income sits at $59,049, and the combined sales tax rate is 6.00%. High home values paired with strong household income keep the annual tax obligation proportional rather than crushing for owners in this part of Silver Spring.
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