Property Tax & Income in Ponce Municipio, Puerto Rico
Ponce Municipio has an effective property tax rate of 0.59%. On the median home value of $110,200, that's roughly $655 per year. Median household income is $19,877.
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 | Ponce Municipio | Puerto Rico (state context) |
|---|---|---|
| Effective property tax rate1 | 0.59% | N/A |
| Median home value1 | $110,200 | — |
| 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 Ponce Municipio, PR
In Ponce Municipio, Puerto Rico, the median home value of $110,200 translates into a median annual property tax bill of just $655, based on an effective rate of 0.594%. That rate sits above Puerto Rico's statewide median of 0.389% and ranks 10th among the territory's 72 counties, so buyers here pay more per dollar of home value than in much of the island. Even so, the dollar amounts stay low because prices are low. Nationally, the median effective rate is 0.794%, meaning Ponce homeowners are taxed at a lighter percentage than the average American property owner. With median household income at $19,877 and per-capita income at $14,625, affordability hinges less on the tax rate itself and more on the combination of inexpensive housing and the modest annual bill it produces.