Monroe County Property Taxes
Monroe County, Florida
Effective Tax Rate
0.00%
109.2% above state avgMedian Annual Tax
$0
$329/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.54%
At a Glance
Median Home Value
$723,800
State avg ▲ $257,245
Tax w/ Mortgage/yr
$4,291
$358/mo escrow
Tax w/o Mortgage/yr
$3,585
$299/mo
State Tax Rate Rank
#4
of 67 counties (1 = lowest)
Data Story
About Property Taxes in Monroe County, Florida
Monroe's rate is unusually low for its wealth
Monroe County's effective tax rate of 0.545% ranks among the lowest in the nation, despite having the highest median home values of any county in Florida at $723,800. This rare combination means Monroe residents enjoy substantial tax relief relative to home values compared to most American homeowners.
Monroe has Florida's lowest effective rate
Monroe County's 0.545% effective rate is the lowest among Florida's 67 counties and well below the state average of 0.731%. Despite median home values nearly 2.6 times the state average, Monroe's median property tax of $3,943 remains manageable due to this exceptionally low rate.
Monroe offers steepest tax break in the region
Monroe County's 0.545% rate significantly undercuts Miami-Dade (0.827%), Martin County (0.807%), and all other nearby counties, reflecting unique state policy considerations. While Monroe residents pay higher absolute dollars due to luxury property values, their effective rate burden is the most favorable in South Florida.
What Monroe homeowners actually pay
A homeowner with Monroe's median home value of $723,800 pays approximately $3,943 in annual property taxes at the county's exceptionally low 0.545% effective rate. With a mortgage, that bill climbs to about $4,291 when factoring in escrow and related charges.
Even low-tax Monroe has assessment opportunities
Even with Florida's most favorable tax rate, Monroe residents should verify their property assessments against comparable sales in the luxury market. A successful appeal could provide additional savings on an already modest tax obligation relative to home value.
Tax Rate Details
Understanding Millage Rates in Monroe County
In Florida, property taxes are expressed as a millage rate (also called a mill rate). One mill equals $1 of tax for every $1,000 of assessed property value. Your total property tax bill is determined by adding together the millage rates set by the county, city or municipality, school district, and any special districts.
In Florida, property is assessed at just value (market value), but homestead exemptions can reduce taxable value by $50,000 or more. The millage rate is applied to the taxable value after exemptions. Florida counties, cities, school districts, and special districts each levy their own millage rates.
Monroe County has an effective property tax rate of 0.54%, resulting in a median annual tax bill of $3,943. Use the calculator above to estimate your property tax based on Monroe County's current rate, or contact the Monroe County tax assessor's office for the exact millage rate breakdown for your property.
How Monroe County Compares
Median Annual Property Tax
Monroe County
0.54%
Effective rate
Florida Avg
0.73%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Monroe County, Florida?
What is the millage rate in Monroe County, Florida?
How much are property taxes in Monroe County?
How does Monroe County compare to the Florida average?
What is the median home value in Monroe County, Florida?
Is Monroe County a low property tax area in Florida?
How does Monroe County rank for property taxes in Florida?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Florida
Data updated: March 2026
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.