Monroe County, Florida Property Taxes
Census Bureau ACS property tax data for Florida. Population: 21,952.
The median annual property tax in Monroe County is $3,943, which is 109% higher than the Florida state average and 105% above the national average. The effective tax rate is 0.54% on a median home value of $723,800. Property taxes represent 4.8% of the median household income in this county.
Median Annual Tax
$3,943
+109% vs State
+105% vs US
Median Home Value
$723,800
+181% vs State
+242% vs US
Effective Tax Rate
0.54%
-26% vs State
-43% vs US
With vs Without Mortgage
With Mortgage
$4,291
$358/mo
Without Mortgage
$3,585
$299/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $3,943 +4.7% | 0.54% |
| 2022 | $3,766 +5.6% | 0.54% |
| 2021 | $3,567 +8.6% | 0.58% |
| 2020 | $3,284 +3.4% | 0.59% |
| 2019 | $3,177 | 0.64% |
Tax Burden
Tax-to-Income Ratio
4.8%
of median household income
Median Income
$82,430
per year
Monthly Tax
$329
per month
Other Counties in Florida
Leon County
Tax: $2,305/yr Rate: 0.82%
Sumter County
Tax: $2,940/yr Rate: 0.83%
Citrus County
Tax: $1,320/yr Rate: 0.59%
Miami-Dade County
Tax: $3,516/yr Rate: 0.83%
Hamilton County
Tax: $806/yr Rate: 0.73%
Clay County
Tax: $2,080/yr Rate: 0.74%
Frequently Asked Questions
What is the average property tax in Monroe County, Florida? ▼
The median annual property tax in Monroe County is $3,943 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.54% on a median home value of $723,800.
How does Monroe County property tax compare to the national average? ▼
Property taxes in Monroe County are 105% above the national average of $1,923. The effective rate of 0.54% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Monroe County? ▼
In Monroe County, homeowners with a mortgage pay a median of $4,291 in annual property taxes, while homeowners without a mortgage pay $3,585. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Monroe County? ▼
Property taxes in Monroe County represent approximately 4.8% of the median household income of $82,430. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.