Islamorada, Monroe County, Florida Property Taxes

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Property Taxes in Islamorada, Florida

Median Islamorada, Florida effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, and lower than the Florida state median of 1.10%.
Median Islamorada, Florida home value: $1,202,512
Median annual Islamorada, Florida tax bill: $8,113, $5,713 higher than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

Property taxes in Islamorada, 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 Islamorada's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Islamorada, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Islamorada, Monroe County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.76%

Estimate Property Tax Bill

$9,139

$8,481

How Does the Islamorada Property Tax Calculator Work?

Use this Islamorada property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Islamorada's median effective tax rate of 0.76% — based on actual property records in Monroe County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessment 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 Islamorada'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 Islamorada: rates are the same across ZIP code 33036, primarily due to local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Islamorada.

About Islamorada Property Taxes

About Property Taxes in Islamorada, Monroe, Florida

Islamorada’s median effective property tax rate of 0.76% is lower than the Monroe County state median of 1.10% and higher than the national median of 1.02%. This rate reflects the Monroe County base levy combined with local school district levies and Municipal Service Benefit Units (MSBUs) that vary by subdivision throughout the city.

Property tax rates are not uniform across Islamorada. Homeowners in ZIP code 33036 carry a median effective rate of 0.76%, while those in 33036 pay 0.76%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Monroe County. Understanding which part of Islamorada you live in can make a meaningful difference to your annual tax bill.

Islamorada homeowners who believe their assessed value is too high can file a formal appeal with the local Property Appraiser before the September 15, 2026 deadline each year.

If your estimated bill above 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 Islamorada, 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 Islamorada's effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.

Property Tax Rates Across Islamorada, Monroe County, Florida

Source: Ownwell

0.66%

0.76%

0.86%

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 Islamorada Tax Rate

0.76%

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 Islamorada, Monroe County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
33036	0.36%	0.61%	0.76%	0.85%	0.93%

Source: Ownwell

Property Tax Assessment Values Across Islamorada, Monroe County, Florida

When examining property taxes in Islamorada, 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 the spring 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 example, the median home price in Islamorada is $1,202,512, with tax bills ranging significantly across the county. 33036 has the highest median home price at $1,202,512.

Property Tax Assessment Values Across Islamorada, Monroe County, Florida

Source: Ownwell

$365,490

$1,120,322

$1,875,153

Median Islamorada Market Value

$1,202,512

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 Islamorada, Monroe County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
33036	$472,590	$698,425	$1,202,512	$1,988,102	$3,104,257

Source: Ownwell

Property Tax Bills Across Islamorada, Monroe County, Florida

Property tax bills in Islamorada 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 increase as well, which often leads to a higher tax bill. Homeowners may also see differences based on exemptions and whether their property qualifies for any tax relief.

With a median home price of $1,202,512, property taxes can be a significant part of ownership costs in Islamorada. The typical tax bill ranges from $4,721 at the 25th percentile to $13,630 at the 75th percentile, with the 90th percentile reaching $21,379. The median tax bill in ZIP code 33036 is $8,113.

For homeowners, this means property taxes can vary widely even among similar homes, depending on assessed value and local rates. Understanding how the bill is calculated can help homeowners better anticipate costs and evaluate whether their assessment is accurate.

Property Tax Bills Across Islamorada, Monroe County, Florida

Source: Ownwell

$2,640

$7,697

$12,754

Median Islamorada Tax Bill

$8,113

Median Monroe County Tax Bill

$5,260

Median Florida Tax Bill

$3,263

Median United States Tax Bill

$2,400

Property Tax Bills Across Islamorada, Monroe County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
33036	$3,236	$4,721	$8,113	$13,630	$21,379

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

Frequently Asked Property Tax Questions in Islamorada, Florida

How are property taxes calculated in Islamorada, Florida?

Property taxes in Islamorada, Florida are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Islamorada, Florida?

To appeal your property taxes in Islamorada, Florida, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Islamorada, Florida?

Common property tax exemptions in Islamorada, Florida include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Islamorada, Florida?

Property tax deadlines in Islamorada, Florida vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Islamorada, Florida?

Ownwell provides professional property tax appeal services in Islamorada, Florida. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.