Property Tax & Income in Río Grande Municipio, Puerto Rico
Río Grande Municipio has an effective property tax rate of 0.37%. On the median home value of $131,600, that's roughly $485 per year. Median household income is $28,943.
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 | Río Grande Municipio | Puerto Rico (state context) |
|---|---|---|
| Effective property tax rate1 | 0.37% | N/A |
| Median home value1 | $131,600 | — |
| 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 Río Grande Municipio, PR
Property taxes in Río Grande Municipio run at an effective rate of 0.369%, a notch below Puerto Rico's statewide median of 0.389% and well under the national figure of 0.794%. Among the island's 72 municipios, this one sits 40th by rate, placing it in the lower-middle portion of the ranking. A median home valued at $131,600 carries an annual tax bill of about $485. Households here earn a median of $28,943, with per-capita income at $16,144, so the tax itself is not the dominant cost weighing on local budgets. What the rate signals is a jurisdiction that leans lighter on property taxation than most of the mainland, though its standing within Puerto Rico is only slightly better than the middle of the pack.