TaxBy County

Monroe County

Monroe County, Florida

Effective Tax Rate

0.54%

Median Annual Tax

$3,943

How Monroe County Compares

Median Annual Property Tax

Monroe County$3,943
Florida State Average$1,885
National Average$1,924

Monroe County

0.54%

Effective rate

Florida Avg

0.73%

Effective rate

National Avg

0.91%

Effective rate

Tax by Mortgage Status

With Mortgage

$4,291

per year

Without Mortgage

$3,585

per year

Estimate Your Property Tax

$

Annual Tax

$3,943

Monthly Escrow

$329

Effective Rate

0.54%

vs. Florida State Average▲ 109.2% above
vs. National Average▲ 46.6% above
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Frequently Asked Questions

What is the property tax rate in Monroe County, Florida?
The effective property tax rate in Monroe County, Florida is 0.54%. This rate is calculated by dividing the median property tax payment by the median home value in the county.
How much are property taxes in Monroe County?
The median annual property tax payment in Monroe County is $3,943. Homeowners with a mortgage pay a median of $4,291, while those without a mortgage pay $3,585.
How does Monroe County compare to the Florida average?
Monroe County's effective tax rate of 0.54% is lower than the Florida state average of 0.73%. The median annual property tax in Monroe County is $3,943, compared to the state average of $1,885.
What is the median home value in Monroe County, Florida?
The median home value in Monroe County, Florida is $723,800, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates.
How are property taxes calculated in Florida?
Property taxes in Florida are calculated based on the assessed value of your property multiplied by the local mill levy (tax rate). The assessed value is determined by your county assessor and may differ from market value. Homeowners may qualify for exemptions such as homestead, senior, veteran, or disability exemptions that can reduce the taxable value. Tax rates vary by county and include levies for schools, municipal services, and special districts.

Counties with Similar Tax Rates

Jackson County(FL)

Rate0.55%
Median Tax$625

Gadsden County(FL)

Rate0.55%
Median Tax$854

Calhoun County(FL)

Rate0.55%
Median Tax$743

Gulf County(FL)

Rate0.57%
Median Tax$1,334
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Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.

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