Property Tax & Income in Las Marías Municipio, Puerto Rico
Las Marías Municipio has an effective property tax rate of 0.23%. On the median home value of $86,500, that's roughly $199 per year. Median household income is $16,314.
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.
| Metric | Las Marías Municipio | Puerto Rico (state context) |
|---|---|---|
| Effective property tax rate1 | 0.23% | N/A |
| Median home value1 | $86,500 | — |
| 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 Las Marías Municipio, PR
Las Marías Municipio carries an effective property tax rate of 0.230%, which sits well beneath Puerto Rico's statewide median of 0.389% and less than a third of the national median of 0.794%. Among the 72 counties in its state, it ranks 56th by rate, placing it among the lower-taxed jurisdictions locally. That gap shows up in actual bills: with a median home value of $86,500, the median annual real-estate tax comes to just $199. Households here earn a median of $16,314, and per-capita income is $10,495, so property taxes absorb only a sliver of what people bring in. The low rate reflects a rural municipality with inexpensive housing rather than an aggressive tax-cutting posture, and it means owners here face smaller annual obligations than most counterparts elsewhere in Puerto Rico and across the mainland.