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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Corozal Municipio, Puerto Rico

Corozal Municipio has an effective property tax rate of 0.17%. On the median home value of $119,700, that's roughly $201 per year. Median household income is $23,797.

Effective Property Tax Rate1
0.17%
median tax $201 ÷ median home $119,700
Median Home Value1
$119,700
owner-occupied
Median Household Income1
$23,797
per-capita $12,915
Est. Annual Tax on Median Home1
$201
at 0.17% effective rate

What you'll pay, at a glance

Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.

MetricCorozal MunicipioPuerto Rico (state context)
Effective property tax rate10.17%N/A
Median home value1$119,700—
State income tax3——
State sales tax3——

How this is calculated

The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.

About Corozal Municipio, PR

Property owners in Corozal Municipio face an effective tax rate of 0.168%, well beneath Puerto Rico's statewide median of 0.389%. That gap places the county 70th among the island's 72 counties, meaning only two jurisdictions levy a lighter rate. Against the national median of 0.794%, Corozal's figure looks even smaller — roughly one-fifth of what a comparable mainland homeowner might owe. The practical result shows up in the median annual bill of $201 on a home valued at $119,700. With household income averaging $23,797 and per-capita income at $12,915, that low levy matters, since property taxes take a smaller bite from already limited earnings. The ranking signals that Corozal sits near the bottom of Puerto Rico's tax landscape, a position that eases carrying costs but also limits the revenue local government can raise.

Frequently asked questions

What is the property tax rate in Corozal Municipio, PR?
The effective rate is 0.17% — meaning the median tax bill equals about 0.17% of the median home value.
How much are property taxes on a median home?
On the median home ($119,700), the estimated annual bill is about $201.
Is Corozal Municipio's rate high or low?
Compare it to the state median of N/A and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Corozal Municipio assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Corozal Municipio assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.