Property Tax & Income in Naranjito Municipio, Puerto Rico
Naranjito Municipio has an effective property tax rate of 0.42%. On the median home value of $112,900, that's roughly $478 per year. Median household income is $22,156.
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 | Naranjito Municipio | Puerto Rico (state context) |
|---|---|---|
| Effective property tax rate1 | 0.42% | N/A |
| Median home value1 | $112,900 | — |
| 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 Naranjito Municipio, PR
In Naranjito Municipio, Puerto Rico, buying a home comes with a median price tag of $112,900 — a figure that keeps entry costs low but sits alongside a median household income of just $22,156 and per-capita income of $12,849. Property taxes here run at an effective rate of 0.423%, which is higher than Puerto Rico's statewide median of 0.389% and ranks the county 32nd of 72 across the state. That rate translates into a median annual real-estate tax bill of $478. Even though the county's rate outpaces the state average, the actual dollar amount remains small because home values are low. Nationally, the median effective rate is 0.794%, nearly double what buyers here would pay. Affordability in Naranjito hinges less on the tax rate itself and more on the gap between inexpensive housing and limited local incomes.