Tax Burden in ZIP Code 20901
Silver Spring, MD — Montgomery County
At the median income of $82,000, the estimated total tax burden in ZIP 20901 is $22,361 (27.3% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$11,480
FICA
$6,273
Property Tax
$4,608
Total Tax Burden
$22,361
27.3% effective
Tax Details for ZIP 20901
ZIP code 20901 is located in Montgomery County, MD, within the Washington MSA metropolitan area. The area has a cost of living index of 135 (100 = national average), making it more expensive than most parts of the country.
The effective property tax rate is 0.95%. On the median home price of $485,000, this equals $4,608 per year ($384/month).
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