Property Tax & Income in Peñuelas Municipio, Puerto Rico
Peñuelas Municipio has an effective property tax rate of 0.42%. On the median home value of $89,600, that's roughly $380 per year. Median household income is $22,697.
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 | Peñuelas Municipio | Puerto Rico (state context) |
|---|---|---|
| Effective property tax rate1 | 0.42% | N/A |
| Median home value1 | $89,600 | — |
| 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 Peñuelas Municipio, PR
Peñuelas Municipio carries an effective property tax rate of 0.424%, which sits above Puerto Rico's statewide median of 0.389% but well below the national median of 0.794%. That places the county 30th out of 72 in its state for property tax rate, roughly the middle of the pack. The gap with the mainland is substantial: homeowners here pay about half the rate a median U.S. county would charge. On a median home value of $89,600, the annual real-estate tax bill comes to $380. Against a median household income of $22,697 — and per-capita income of just $12,056 — that bill amounts to a noticeable share of earnings, so even a below-average national rate can feel heavier where incomes are lower.