Home
/US Property Taxes
/Florida
/Brevard County
/Merritt Island

Merritt Island, Brevard County, Florida Property Taxes

$774 avg. annual savings
No Upfront Costs
You only pay if we save

Property Taxes in Merritt Island, Florida

  • Median Merritt Island, Florida effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, and lower than the Florida state median of 1.10%.

  • Median Merritt Island, Florida home value: $346,220

  • Median annual Merritt Island, Florida tax bill: $2,822, $422 higher than the national median property tax bill of $2,400.

How are property taxes in Brevard calculated?

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

Last Updated April 13, 2026

Merritt Island, Brevard County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.84%

Estimate Property Tax Bill

$2,908

$2,699

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Merritt Island Property Tax Calculator Work?

Use this Merritt Island property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Merritt Island's median effective tax rate of 0.84% — based on actual property records in Brevard 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 Merritt Island'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 Merritt Island: rates range from $2769 in 32953 to $2871 in 32952, primarily due to differences in school district levies and local assessment districts. Merritt Island's median property tax bill of $2822 is lower than Florida's median bill by $422 and compares with the national median property tax rate of 1.02% and national median property tax bill of $2400.

If your estimate is higher than expected, Ownwell can appeal your Merritt Island assessment — you only pay if we save you money.

About Merritt Island Property Taxes

About Property Taxes in Merritt Island, Brevard, Florida

Merritt Island’s median effective property tax rate of 0.84% is lower than the Florida state median of 1.10% and lower than the national median of 1.02%. This rate reflects the Brevard County levy combined with local taxing authorities that can vary across the city.

Property tax rates are not uniform across Merritt Island. Homeowners in the 32953 ZIP code carry a median effective rate of 0.86%, while those in 32952 pay 0.83%. This spread — 0.03 percentage points across the same city — reflects how local boundaries are drawn across Brevard County. Understanding which part of Merritt Island you live in can make a meaningful difference to your annual tax bill.

Merritt Island homeowners who believe their assessed value is too high can file a formal appeal with the 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 Merritt Island, Brevard 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 Merritt Island'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 Merritt Island, Brevard County, Florida

Source: Ownwell

0.75%

1.16%

1.58%

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 Merritt Island Tax Rate

0.84%

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 Brevard County Tax Rate

0.99%

Median Effective Florida Tax Rate

1.10%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Merritt Island, Brevard County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
329520.47%0.58%0.83%1.25%1.38%
329530.44%0.58%0.86%1.27%1.39%

Source: Ownwell

Property Tax Assessment Values Across Merritt Island, Brevard County, Florida

When examining property taxes in Merritt Island, 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 Brevard 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 Brevard 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. Merritt Island’s median home price is $346,220, and the median tax bill is $2,822, which is above the national median property tax bill of $2,400 and slightly above the national median property tax rate of 1.02%. Tax bills range across the area, with the highest median home price in 32952 at $352,485.

Property Tax Assessment Values Across Merritt Island, Brevard County, Florida

Source: Ownwell

$133,030

$319,350

$505,670

Median Merritt Island Market Value

$346,220

Median Brevard County Market Value

$268,880

Median Florida Market Value

$310,033

Median United States Market Value

$235,294

Property Tax Assessment Values Across Merritt Island, Brevard County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
32952$161,880$231,598$352,485$491,482$779,080
32953$144,280$240,848$340,675$468,248$587,163

Source: Ownwell

Property Tax Bills Across Merritt Island, Brevard County, Florida

Property tax bills in Merritt Island are based on the assessed value of a home, not the market value alone, and the local tax rate set by Brevard County. For a home with a median price of $346,220, the property tax bill can vary widely depending on exemptions, assessment differences, and neighborhood location. The 25th percentile tax bill is $1,724, while the 75th percentile is $4,316 and the 90th percentile reaches $6,229. That means homeowners may pay well below or well above the national median property tax bill of $2,400, depending on how their property is assessed.

Property taxes directly affect monthly housing costs and long-term affordability for homeowners. Ownwell can help by reviewing your assessment, identifying savings opportunities, and filing property tax appeals and exemptions when eligible. In Merritt Island, even a small reduction in assessed value can lead to meaningful savings on your property tax bill.

Property Tax Bills Across Merritt Island, Brevard County, Florida

Source: Ownwell

$1,260

$2,797

$4,333

Median Merritt Island Tax Bill

$2,822

Median Brevard County Tax Bill

$2,489

Median Florida Tax Bill

$3,263

Median United States Tax Bill

$2,400

Property Tax Bills Across Merritt Island, Brevard County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
32952$922$1,744$2,871$4,489$6,795
32953$928$1,703$2,769$4,218$5,815

Source: Ownwell

Don't miss the deadline to petition!

Frequently Asked Property Tax Questions in Merritt Island, Florida

How are property taxes calculated in Merritt Island, Florida?
Property taxes in Merritt Island, 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 Merritt Island, Florida?
To appeal your property taxes in Merritt Island, 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 Merritt Island, Florida?
Common property tax exemptions in Merritt Island, 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 Merritt Island, Florida?
Property tax deadlines in Merritt Island, 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 Merritt Island, Florida?
Ownwell provides professional property tax appeal services in Merritt Island, 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.