Silver Spring, Montgomery County, Maryland Property Taxes
Property Taxes in Silver Spring, Maryland
Median Silver Spring, Maryland effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, and slightly lower than the Maryland state median of 1.21%.
Median Silver Spring, Maryland home value: $459,700
Median annual Silver Spring, Maryland tax bill: $5,564, higher than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in Silver Spring, Maryland are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Silver Spring's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Silver Spring, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Silver Spring, Montgomery County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.2%
Estimate Property Tax Bill
$5,516
$5,119
$774
Average Annual Tax Savings
How Does the Silver Spring Property Tax Calculator Work?
Use this Silver Spring property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Silver Spring's median effective tax rate of 1.20% — based on actual property records in Montgomery County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Silver Spring's median effective rate across all local levies, providing a more accurate estimate than applying a single county rate.
Your bill may vary by ZIP code within Silver Spring: rates range from $4,680.00 in 20906 to $6,883.00 in 20910, primarily due to differences in school district levies and local assessment districts.
Silver Spring's median property tax bill of $5,564 is higher than the Maryland median, and the county rate is also higher than the state median. If your estimate is higher than expected, Ownwell can appeal your Silver Spring assessment — you only pay if we save you money.
About Silver Spring Property Taxes
About Property Taxes in Silver Spring, Montgomery, Maryland
Silver Spring’s median effective property tax rate of 1.20% is lower than the Maryland state median of 1.21% and higher than the national median of 1.02%. This rate reflects the Montgomery County base levy combined with local school district levies and special taxing districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Silver Spring. Homeowners in the 20910 ZIP code carry a median effective rate of 1.25%, while those in 20905 pay 1.09%. This spread — 0.16 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Montgomery County. Understanding which part of Silver Spring you live in can make a meaningful difference to your annual tax bill.
Silver Spring homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the February 13, 2026 deadline each year.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Silver Spring, Montgomery County, Maryland
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Silver Spring's effective property tax rate to other cities in Maryland and the median property tax rates in Maryland and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Silver Spring Tax Rate
1.20%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Montgomery County Tax Rate
1.19%
Median Effective Maryland Tax Rate
1.21%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Silver Spring, Montgomery County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20901 | 1.13% | 1.19% | 1.24% | 1.29% | 1.32% |
| 20902 | 1.18% | 1.20% | 1.25% | 1.29% | 1.32% |
| 20903 | 1.11% | 1.16% | 1.20% | 1.28% | 1.36% |
| 20904 | 1.04% | 1.08% | 1.12% | 1.16% | 1.21% |
| 20905 | 1.02% | 1.06% | 1.09% | 1.12% | 1.17% |
| 20906 | 1.16% | 1.18% | 1.20% | 1.25% | 1.30% |
| 20910 | 1.17% | 1.19% | 1.25% | 1.28% | 1.30% |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Assessment Values Across Silver Spring, Montgomery County, Maryland
When examining property taxes in Silver Spring, Maryland, understanding the distinction between market value and assessed value is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. Montgomery County estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices are sent in the spring each year and typically reach property owners by the middle of the month. Each notice includes both the market value and assessed value, along with an estimate of your property tax bill.
For example, the median home price in Silver Spring is $459,700, and the median tax bill is $5,564, well above the national median property tax bill of $2,400. Tax bills range across the county, with the highest median home price in 20905 at $580,450.
Property Tax Assessment Values Across Silver Spring, Montgomery County, Maryland
Source: Ownwell
$110,000
$614,075
$1,118,150
Median Silver Spring Market Value
$459,700
Median Montgomery County Market Value
$520,100
Median Maryland Market Value
$338,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Silver Spring, Montgomery County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20901 | $335,970 | $416,400 | $474,400 | $556,975 | $650,900 |
| 20902 | $281,700 | $360,800 | $439,600 | $518,000 | $602,920 |
| 20903 | $271,100 | $379,650 | $442,700 | $528,225 | $604,550 |
| 20904 | $290,000 | $394,500 | $505,200 | $594,500 | $700,600 |
| 20905 | $381,250 | $505,300 | $580,450 | $665,700 | $796,150 |
| 20906 | $160,000 | $230,000 | $376,850 | $489,925 | $627,100 |
| 20910 | $220,000 | $370,000 | $537,100 | $672,500 | $837,360 |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Bills Across Silver Spring, Montgomery County, Maryland
Property tax bills in Silver Spring are based on the assessed value of a home and the local tax rate set by Montgomery County. When a home’s market value rises, the assessed value can rise too, which can increase the property tax bill. For many homeowners, that means paying more even if their income has not changed.
In Silver Spring, the median home price is $459,700, and property tax bills vary widely across the city. The 25th percentile tax bill is $4,285, the 75th percentile is $6,647, and the 90th percentile reaches $7,976. The highest median tax bill is $6,883 in ZIP code 20910, while the lowest median tax bill is $4,680 in ZIP code 20906.
Ownwell helps homeowners challenge unfair assessments and find exemptions that may lower their property tax bills. If your home is over-assessed, Ownwell can help you pursue savings and reduce what you owe.
Property Tax Bills Across Silver Spring, Montgomery County, Maryland
Source: Ownwell
$1,261
$7,418
$13,575
Median Silver Spring Tax Bill
$5,564
Median Montgomery County Tax Bill
$6,208
Median Maryland Tax Bill
$4,092
Median United States Tax Bill
$2,400
Property Tax Bills Across Silver Spring, Montgomery County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20901 | $4,090 | $5,233 | $5,910 | $6,732 | $7,716 |
| 20902 | $3,298 | $4,659 | $5,537 | $6,336 | $7,264 |
| 20903 | $3,641 | $4,687 | $5,361 | $6,067 | $6,896 |
| 20904 | $3,291 | $4,492 | $5,643 | $6,524 | $7,517 |
| 20905 | $4,183 | $5,635 | $6,351 | $7,126 | $8,439 |
| 20906 | $1,812 | $2,666 | $4,680 | $5,899 | $7,297 |
| 20910 | $2,473 | $4,380 | $6,883 | $8,526 | $10,531 |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 13 |
Links | |
|---|---|
| Montgomery Tax Assessor | |
| Website | sdat.dat.maryland.gov |