Lower Matecumbe Key, Monroe County, Florida Property Taxes

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Property Taxes in Lower Matecumbe Key, Florida

Median Lower Matecumbe Key, Florida effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, and lower than the Florida state median of 1.10%.
Median Lower Matecumbe Key, Florida home value: $1,875,153
Median annual Lower Matecumbe Key, Florida tax bill: $12,754, $10,354 higher than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

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

Last Updated April 13, 2026

Lower Matecumbe Key, Monroe County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.69%

Estimate Property Tax Bill

$12,939

$12,007

How Does the Lower Matecumbe Key Property Tax Calculator Work?

Use this Lower Matecumbe Key property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lower Matecumbe Key's median effective tax rate of 0.69% — 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 Lower Matecumbe 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 Lower Matecumbe Key: rates range from 0.69% in 33036 to 0.69% in 33036, 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 Lower Matecumbe Key.

About Lower Matecumbe Key Property Taxes

About Property Taxes in Lower Matecumbe Key, Monroe, Florida

Lower Matecumbe Key's median effective property tax rate of 0.69% is lower than the Florida state median of 1.10% and lower 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 Lower Matecumbe Key. Homeowners in ZIP code 33036 carry a median effective rate of 0.69%, while those in 33036 pay 0.69%. 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 Lower Matecumbe Key you live in can make a meaningful difference to your annual tax bill.

Lower Matecumbe Key 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 Lower Matecumbe 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 Lower Matecumbe Key'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 Lower Matecumbe Key, 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 Lower Matecumbe Key Tax Rate

0.69%

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 Lower Matecumbe Key, Monroe County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
33036	0.35%	0.57%	0.69%	0.74%	0.85%

Source: Ownwell

Property Tax Assessment Values Across Lower Matecumbe Key, Monroe County, Florida

When examining property taxes in Lower Matecumbe 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 Lower Matecumbe Key, the median home price is $1,875,153, with tax bills centered at $12,754. The highest median home price is in 33036 at $1,875,153.

Property Tax Assessment Values Across Lower Matecumbe Key, Monroe County, Florida

Source: Ownwell

$365,490

$1,120,322

$1,875,153

Median Lower Matecumbe Key Market Value

$1,875,153

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 Lower Matecumbe Key, Monroe County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
33036	$1,582,633	$1,739,175	$1,875,153	$2,152,480	$2,516,512

Source: Ownwell

Property Tax Bills Across Lower Matecumbe Key, Monroe County, Florida

How are property tax bills calculated in Lower Matecumbe Key?

Property tax bills in Lower Matecumbe Key are based on the assessed value of a home, not its market price alone. Local taxing authorities apply their tax rates to that assessed value to determine the amount owed each year. The final bill can also be influenced by exemptions, special assessments, and any changes in local budgets or rates.

What factors affect the bill?

For homeowners in Monroe County, the median home price is $1,875,153, and the median property tax bill is $12,754. That figure sits above the national median property tax bill of $2,400 and far above the national median property tax rate of 1.02%. Bills in the area vary widely, with the 25th percentile at $10,496 and the 75th percentile at $15,623.

How does this affect homeowners?

Because taxes are tied to assessed value, higher-value homes can face significantly larger bills. That means even small changes in assessment or tax rates can have a noticeable impact on annual housing costs for homeowners.

Property Tax Bills Across Lower Matecumbe Key, Monroe County, Florida

Source: Ownwell

$2,640

$7,697

$12,754

Median Lower Matecumbe Key Tax Bill

$12,754

Median Monroe County Tax Bill

$5,260

Median Florida Tax Bill

$3,263

Median United States Tax Bill

$2,400

Property Tax Bills Across Lower Matecumbe Key, Monroe County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
33036	$6,269	$10,496	$12,754	$15,623	$17,706

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 Lower Matecumbe Key, Florida

How are property taxes calculated in Lower Matecumbe Key, Florida?

Property taxes in Lower Matecumbe Key, 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 Lower Matecumbe Key, Florida?

To appeal your property taxes in Lower Matecumbe Key, 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 Lower Matecumbe Key, Florida?

Common property tax exemptions in Lower Matecumbe Key, 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 Lower Matecumbe Key, Florida?

Property tax deadlines in Lower Matecumbe Key, 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 Lower Matecumbe Key, Florida?

Ownwell provides professional property tax appeal services in Lower Matecumbe Key, 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.