Florida · County property tax · ACS 2024
Monroe County Property Taxes
The median homeowner in Monroe County pays $4,129 a year, an effective rate of 0.53%, far above the U.S. average.
- $4,129
- Median tax / yr · Highest-decile bill
- 0.53%
- Effective rate · Low rate
- +107%
- vs U.S. average
- #63 of 67
- rank in FL
The verdict
Homeowners in Monroe County pay a median $4,129 a year in property tax, an effective rate of 0.53%, more affordable than 80% of U.S. counties (Census ACS 2024).
- $4,129
- Median annual tax bill, 2024
- 0.53%
- Effective rate on median home
- #619 of 3135
- U.S. counties by tax burden
- +107%
- vs the national average bill
Effective rate is the median property tax bill divided by the median home value ($780,600). U.S. Census Bureau, ACS 5-Year Estimates · 2024.
Census Bureau ACS property tax data for Florida. Population: 81,860. Owner-occupied homes: 22,636.
The median annual property tax in Monroe County is $4,129, which is 51% higher than the Florida state average and 107% above the national average. The effective tax rate is 0.53% on a median home value of $780,600. Property taxes represent 4.7% of the median household income in this county.
Why Monroe County's ACS bill runs high vs the U.S.
Primary signal
The bill sits well above the national median
Homeowners in Monroe County pay a median annual property tax of $4,129, far above the national median and far above the Florida state median. On a $780,600 median home, that works out to an effective rate of 0.53% once the local assessment base and millage are combined.
Decision signal 2
High among Florida counties by effective rate
Monroe County ranks #63 of 67 counties in Florida by effective rate (6% of in-state counties pay a lower rate).
Decision signal 3
Income and the tax bill sit in the middle band
Property taxes in Monroe County run a bit above the commonly cited 2%-4% national benchmark, at about 4.7% of the $87,738 median household income.
Decision signal 4
The effective rate sits near the national middle
Monroe County's 0.53% effective rate sits near the middle of 3,135 tracked counties (more affordable than 80%).
Informational notice
Figures describe the median homeowner household in Monroe County as reported to the Census Bureau; your parcel can differ. Not tax, legal, or financial advice: check the county assessor or a qualified professional before decisions that depend on these numbers.
Most of the market's rise reached the bill
The effective rate here moved 10.1% down between 2020 and 2024, a smaller shift than in 60% of U.S. counties. With the median home value rose 39.9%, the median bill rose 25.7% to $4,129: the rate did comparatively little to offset the market.
Effective rate is the published median bill divided by the published median home value, so the two multiply back to the bill exactly; the rate's movement here is derived from those two figures rather than read from the rounded published rate. Both are ACS 5-year survey estimates for the median owner-occupied household, compared across non-overlapping releases. They describe what the Census published, not a local policy, assessment, or exemption change.
How to read this county's bill
The bill here climbed steeply over 2020-2024, up 26% from $3,284 to $4,129. These ACS medians describe the reported change; they do not identify whether a levy, assessment, home value, or change in the responding households caused it.
The heaviest band is also the fullest one here: 14,714 of 22,636 owner-occupied homes (65.0%) report annual real-estate taxes above $3,000. That band has no upper edge in the source, so the county median understates the burden carried by the plurality rather than describing it.
The most forgiving PAIRING in the data, top-quartile household income with a bottom-quartile effective rate, puts the median bill at 4.7% of median household income. Home values still drive the dollar figure, which is why the ratio above varies widely among counties that share this position.
The share above is the median annual bill divided by median household income, a ratio of two county-level medians rather than a household-by-household figure.
What Monroe County Homeowners Actually Pay
The single largest group of Monroe County homeowners, 14,714 of 22,636 owner-occupied homes (65.0%), pays $3,000 or more a year. The median is one point in this spread, not a typical bill.
- Less than $800 1.6% (362)
- $800 to $1,499 6.2% (1,410)
- $1,500 to $1,999 5.3% (1,195)
- $2,000 to $2,999 17.2% (3,894)
- $3,000 or more 65.0% (14,714)
Census ACS 2024, table B25102. Bands and the no-tax share sum to 100%.
1,061 homes here (4.7%) report no real estate tax at all. Exemptions are set by state: how Florida handles assessments and appeals.
With vs Without Mortgage
In Monroe County, mortgaged homeowners pay 16% more than those without a mortgage, a gap that typically tracks higher home values rather than a different tax rate.
Monroe County's bill vs state & U.S. medians
Median annual bill bars around Monroe County's HEAVY ACS 2024 figure.
Monroe County's median bill is 51% above the Florida median and 107% above the U.S. median.
A low rate, a bigger bill
Monroe County taxes property at 0.53%, roughly 30% below the Florida average, and still bills a median $4,129, about 51% above the state figure. Because the effective rate is the bill divided by the home's value, that combination means local home values run well ahead of the state norm: a gentler rate applied to a larger base.
Monroe County vs Benchmarks
| Metric | Monroe County | Florida Avg | U.S. Avg |
|---|---|---|---|
| Median Annual Tax Highest-decile bill | |||
| Effective Tax Rate Low rate | |||
| Median Home Value | |||
| Tax as % of income Highest-decile income burden | 4.7% | - | - |
Source: U.S. Census Bureau, ACS 5-Year Estimates. Tax-burden differences across rows reflect millage decisions, assessment-ratio practices, and the residential-vs-commercial mix of each tax base.
Is Monroe County's $4,129 median bill appeal-worthy?
At Monroe County's $4,129 ACS median (HEAVY), a 10% assessment cut is worth about $413/yr before exemptions. Appeal Savings Estimator · appeal guide for Florida.
Monroe County bill trail · HEAVY
| Year | Median Tax (vs prior release) | Effective Rate |
|---|---|---|
| 2024 | $4,129 +4.7% | 0.53% |
| 2023 | $3,943 +4.7% | 0.54% |
| 2022 | $3,766 +5.6% | 0.54% |
| 2021 | $3,567 +8.6% | 0.58% |
| 2020 | $3,284 | 0.59% |
Each row is a separate ACS 5-year release, and consecutive releases share four of their five survey years. The percentage beside each bill is therefore movement in the published estimate against the previous release, not a single year's tax change. The two releases largely describe the same households. For change over time, compare releases that do not overlap.
Monroe County: tax takes 4.7% of income
Counties near Monroe County's median bill
On effective rate, Monroe County sits nearest Boulder County (CO), Poinsett County (AR), Independence County (AR).
On published median-tax change, the nearest matches are McClain County (OK), Claiborne County (TN), St. Helena Parish (LA).
How peers are chosen
These are the nearest cross-state matches in the published Census data, not neighboring counties or recommendations. Peers are rebuilt with each data release; see the calculation method.
Similar effective rates
Similar published median-tax changes, 2020–2024
Monroe County: only 10% of returns show Schedule A real-estate tax
Tax year 2022: 4,810 of 46,010 returns from Monroe County reported real estate taxes, averaging $13,392 - 46% of those reporters sat in the $200k+ AGI band.
What this IRS county file does not say
Amounts are reported before the SALT cap, not deducted; the share is of filers, not homeowners. Source: IRS SOI county data, tax year 2022.
Other Counties in Florida
Monroe County bill FAQs
- How does Monroe County property tax compare to the national average?
- Property taxes in Monroe County run far above the national median of $1,993, an effective rate of 0.53% versus 0.92% nationally.
- What is the average property tax in Monroe County, Florida?
- The median annual property tax in Monroe County is $4,129, an effective rate of 0.53% on a $780,600 median home (Census ACS, 2024).
- What percentage of income goes to property taxes in Monroe County?
- Property taxes in Monroe County run a bit above the commonly cited 2%-4% national benchmark, at about 4.7% of the $87,738 median household income.
- Are property taxes increasing in Monroe County?
- The ACS median property-tax bill for Monroe County jumped 25.7% between the 2020 and 2024 5-year releases, from $3,284 to $4,129, a 4-year span. These are survey estimates covering five years each, so this compares the two releases furthest apart rather than consecutive ones, which overlap and would mostly measure the same households twice.
- What is the tax affordability score for Monroe County?
- Monroe County, Florida scores F (30/100) on PlainPropertyTax's tax affordability composite across 5 Census ACS dimensions (effective rate, bill size, income share, mortgage gap, and home-value/income). Its strongest scored dimension here is rate relief at B+ (0.53%). The score compares published county medians to U.S. percentiles, it is not a personal bill and not advice to buy, sell, appeal, or relocate.
What to do with Monroe County's HEAVY bill
Monroe County's $4,129 median bill sits well above the U.S. median - size a personal estimate before treating the county headline as your budget. Estimate your bill →
Monroe County ranks #63 of 67 Florida counties by effective rate - on the lower-burden half of the state ACS set. Florida overview →
Nationwide peers by median bill (then rate)
Bill-first peers for Monroe County's HEAVY median, then a disjoint out-of-state rate set, not the same-state geography lattice.
Similar effective rate
Nearest out-of-state counties by ACS effective rate. This county: 0.53%.
Similar median bill
Nearest out-of-state counties by ACS median annual tax. This county: $4,129/yr. Rate peers are excluded so the two link sets stay distinct.
Read with Monroe County
Nearest ABS(median_tax) ACS peers for Monroe County (QUIET · HEAVY), replacing the old fixed Keep exploring strip.
QUIET HEAVY
Washington County, NE
ABS(median_tax) peer · $4,142/yr (near-tied bill ABS $13); rate 1.39% vs Monroe County 0.53%.
Genesee County, NY
ABS(median_tax) peer · $4,113/yr (near-tied bill ABS $16); rate 2.41% vs Monroe County 0.53%.
Cortland County, NY
ABS(median_tax) peer · $4,149/yr (near-tied bill ABS $20); rate 2.56% vs Monroe County 0.53%.
Missoula County, MT
ABS(median_tax) peer · $4,150/yr (near-tied bill ABS $21); rate 0.88% vs Monroe County 0.53%.
Florida county set
State ACS overview for every published Florida county rate and median bill.
Assessment cycle basics
Monroe County stamps QUIET · HEAVY - how assessed value and millage become the ACS median bill.
Data vintage and method
Data as of 2024. 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.
Source: U.S. Census Bureau American Community Survey 5-Year Estimates, county median real-estate taxes · 2024 Monroe County (QUIET · HEAVY) - ACS medians, not a parcel bill.