Property Tax & Income in Morovis Municipio, Puerto Rico
Morovis Municipio has an effective property tax rate of 0.42%. On the median home value of $115,100, that's roughly $487 per year. Median household income is $25,003.
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 | Morovis Municipio | Puerto Rico (state context) |
|---|---|---|
| Effective property tax rate1 | 0.42% | N/A |
| Median home value1 | $115,100 | — |
| 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 Morovis Municipio, PR
Buying in Morovis Municipio means facing a median home value of $115,100, well below what many mainland buyers are used to. Property taxes here run at an effective rate of 0.423%, which sits above Puerto Rico's statewide median of 0.389% and ranks 31st among the island's 72 counties. That rate translates into a median annual real-estate tax bill of just $487 — a figure that stays low because home prices themselves are low. Even against the national median effective rate of 0.794%, Morovis looks affordable on the tax side. The trade-off shows up in income: median household earnings are $25,003, with per-capita income at $15,456. For a buyer weighing purchase price against ongoing carrying costs, the combination of inexpensive housing and a sub-$500 yearly tax bill keeps ownership costs down, though local earning power trails the mainland considerably.