Property Taxes in Silver Spring, Maryland
Median Silver Spring, Maryland effective property tax rate: 1.54%, significantly higher than the national median of 1.02%, and higher than the Maryland state median of 1.21%.
Median Silver Spring, Maryland home value: $284,900
Median annual Silver Spring, Maryland tax bill: $4,022, $1,622 higher than the national median property tax bill of $2,400.
How are property taxes in Prince George's 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
How Does the Silver Spring Property Tax Calculator Work?
Use this Silver Spring property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Silver Spring's median effective tax rate of 1.54% — based on actual property records in Prince George's 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 millage rate.
Your bill may vary by ZIP code within Silver Spring: rates range from $3,898 in 20903 to $9,385 in 20904, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Silver Spring.
About Silver Spring Property Taxes
About Property Taxes in Silver Spring, Prince George's, Maryland
Silver Spring’s median effective property tax rate of 1.54% is higher than the Maryland state median of 1.21% and higher than the national median of 1.02%. This rate reflects the Prince George's 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 20903 ZIP code carry a median effective rate of 1.56%, while those in 20904 pay 1.42%. This spread — 0.14 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Prince George's 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 local Tax Assessor before the February 13, 2026 deadline each year.
If your estimated bill above 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, Prince George's 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.
Property Tax Rates Across Silver Spring, Prince George's County, Maryland
Source: Ownwell
1.28%
1.62%
1.97%
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
1.54%
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 Prince George's County Tax Rate
1.44%
Median Effective Maryland Tax Rate
1.21%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Silver Spring, Prince George's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20903 | 1.08% | 1.33% | 1.56% | 1.62% | 1.65% |
| 20904 | 1.28% | 1.32% | 1.42% | 1.43% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Silver Spring, Prince George's 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. The Prince George's County appraisal district 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:
In Prince George's County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. The median home price in Silver Spring is $284,900, with tax bills ranging from $3,898 in 20903 to $9,385 in 20904.
Property Tax Assessment Values Across Silver Spring, Prince George's County, Maryland
Source: Ownwell
$225,100
$461,800
$698,500
Median Silver Spring Market Value
$284,900
Median Prince George's County Market Value
$355,500
Median Maryland Market Value
$338,400
Median United States Market Value
$274,101
Property Tax Assessment Values Across Silver Spring, Prince George's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20903 | $120,000 | $152,000 | $278,500 | $295,850 | $312,820 |
| 20904 | $563,160 | $615,900 | $698,500 | $727,150 | $816,710 |
Source: Ownwell
Property Tax Bills Across Silver Spring, Prince George's County, Maryland
Property tax bills in Silver Spring are based on the assessed value of a home and the local tax rate set by Prince George's County. When a property is valued at a higher market level, the tax bill is usually higher because the assessment is used to calculate what the homeowner owes each year. For Silver Spring, the median home price is $284,900, which helps show the value base that can influence a bill.
Homeowners can see a wide range in what they pay. The 25th percentile tax bill is $2,355, while the 75th percentile reaches $4,900, and the 90th percentile climbs to $9,214. That spread shows how much location, assessed value, and local tax rules can affect the final amount. ZIP code 20904 has the highest median tax bill at $9,385, while ZIP code 20903 has the lowest at $3,898. Compared with the national median property tax bill of $2,400, many homeowners in Silver Spring face bills that can be significantly higher.
Property Tax Bills Across Silver Spring, Prince George's County, Maryland
Source: Ownwell
$3,473
$6,429
$9,385
Median Silver Spring Tax Bill
$4,022
Median Prince George's County Tax Bill
$4,985
Median Maryland Tax Bill
$4,092
Median United States Tax Bill
$3,209
Property Tax Bills Across Silver Spring, Prince George's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20903 | $1,285 | $2,352 | $3,898 | $4,630 | $4,982 |
| 20904 | $48 | $8,209 | $9,385 | $10,180 | $10,683 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 13 |
Links | |
|---|---|
| Prince George's Tax Assessor | |
| Website | sdat.dat.maryland.gov |