Cudjoe Key, Monroe County, Florida Property Taxes
Property Taxes in Cudjoe Key, Florida
Median Cudjoe Key, Florida effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, and lower than the Florida state median of 1.10%.
Median Cudjoe Key, Florida home value: $505,602
Median annual Cudjoe Key, Florida tax bill: $3,773, $1,373 higher than the national median property tax bill of $2,400.
How are property taxes in Monroe calculated?
Property taxes in Cudjoe Key, Florida are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Cudjoe Key's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cudjoe Key, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Cudjoe Key, Monroe County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$3,944
$3,660
How Does the Cudjoe Key Property Tax Calculator Work?
Use this Cudjoe Key property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cudjoe Key's median effective tax rate of 0.78% — based on actual property records in Monroe County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Cudjoe Key's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Cudjoe Key: rates range from 0.78% in 33042 to 0.78% in 33042, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Cudjoe Key.
About Cudjoe Key Property Taxes
About Property Taxes in Cudjoe Key, Monroe, Florida
Cudjoe Key’s median effective property tax rate of 0.78% is lower than the Florida state median of 1.10% and lower than the national median of 1.02%. This rate reflects Monroe County’s base levy, along with local school district levies and Municipal Service Benefit Units that can vary by subdivision throughout the area.
Property tax rates are not uniform across Cudjoe Key. Homeowners in ZIP code 33042 carry a median effective rate of 0.78%, and the same ZIP also reflects the city’s median home price of $505,602 and median tax bill of $3,773. That bill is above the national median property tax bill of $2400, and the 75th percentile tax bill reaches $4,520.
Homeowners who believe their assessed value is too high can file a formal appeal with the Monroe County Property Appraiser before September 15, 2026.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Cudjoe Key, Monroe County, Florida
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Cudjoe Key's effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cudjoe Key Tax Rate
0.78%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Monroe County Tax Rate
0.72%
Median Effective Florida Tax Rate
1.10%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cudjoe Key, Monroe County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33042 | 0.50% | 0.73% | 0.78% | 0.87% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Cudjoe Key, Monroe County, Florida
When examining property taxes in Cudjoe Key, Florida, understanding the distinction between market value and assessed value is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Monroe County property appraiser estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Monroe County, assessment notices are sent in August each year. They'll typically reach your mailbox by the middle of August.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. For Cudjoe Key, the median home price is $505,602, and the median tax bill is $3,773, compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400.
Property Tax Assessment Values Across Cudjoe Key, Monroe County, Florida
Source: Ownwell
$365,490
$1,120,322
$1,875,153
Median Cudjoe Key Market Value
$505,602
Median Monroe County Market Value
$784,940
Median Florida Market Value
$310,033
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cudjoe Key, Monroe County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33042 | $288,850 | $419,634 | $505,602 | $608,848 | $728,287 |
Source: Ownwell
Property Tax Bills Across Cudjoe Key, Monroe County, Florida
Property tax bills in Cudjoe Key are based on the assessed value of a home and the local tax rate set by Monroe County and other taxing authorities. When a property’s market value rises, the assessed value can also rise, which may increase the bill homeowners receive. For a home with a median price of $505,602, property taxes can be a meaningful part of ownership costs.
The typical bill in the area is $3,773, which is above the national median property tax bill of $2,400 and reflects the higher local tax burden. Bills can vary widely depending on exemptions, assessment limits, and the specific taxing districts that apply to the property. In Cudjoe Key, the 25th percentile tax bill is $2,855, while the 75th percentile is $4,520 and the 90th percentile is $5,352. For homeowners, that means taxes can significantly affect monthly housing costs and long-term affordability, especially when home values increase.
Median Cudjoe Key Tax Bill
$3,773
Median Monroe County Tax Bill
$5,260
Median Florida Tax Bill
$3,263
Median United States Tax Bill
$2,400
Property Tax Bills Across Cudjoe Key, Monroe County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33042 | $2,342 | $2,855 | $3,773 | $4,520 | $5,352 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Monroe Property Appraiser | |
| Website | qpublic.schneidercorp.com |