Summerland Key, Monroe County, Florida Property Taxes

$774 avg. annual savings

No Upfront Costs

You only pay if we save

Property Taxes in Summerland Key, Florida

Median Summerland Key, Florida effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, and lower than the Florida state median of 1.10%.
Median Summerland Key, Florida home value: $860,069
Median annual Summerland Key, Florida tax bill: $5,853, $3,453 higher than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

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

Last Updated April 13, 2026

Summerland Key, Monroe County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.7%

Estimate Property Tax Bill

$6,020

$5,587

How Does the Summerland Key Property Tax Calculator Work?

Use this Summerland Key property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Summerland Key's median effective tax rate of 0.70% — 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 Summerland 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 Summerland Key: rates range from 0.70% in 33042 to 0.70% 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 Summerland Key.

About Summerland Key Property Taxes

About Property Taxes in Summerland Key, Monroe, Florida

Summerland Key's median effective property tax rate of 0.70% is lower than the Florida state median of 1.10% and lower than the national median of 1.02%. This rate reflects Monroe County levies and local taxing districts that shape what homeowners pay across the area.

Property tax rates are not uniform across Summerland Key. Homeowners in ZIP code 33042 carry a median effective rate of 0.70%, and the same ZIP code also has a median tax bill of $5,853. That consistency reflects how local assessments are applied within the city.

Summerland Key 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 Summerland 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 Summerland 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 Summerland 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 Summerland Key Tax Rate

0.70%

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 Summerland Key, Monroe County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
33042	0.32%	0.49%	0.70%	0.82%	0.92%

Source: Ownwell

Property Tax Assessment Values Across Summerland Key, Monroe County, Florida

When examining property taxes in Summerland 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 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. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Summerland Key.

For example, the median home price in Summerland Key is $860,069, with tax bills ranging significantly across the county. 33042 has the highest median home price at $859,948.

Property Tax Assessment Values Across Summerland Key, Monroe County, Florida

Source: Ownwell

$365,490

$1,120,322

$1,875,153

Median Summerland Key Market Value

$860,069

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 Summerland Key, Monroe County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
33042	$521,458	$696,895	$859,948	$1,245,875	$1,861,543

Source: Ownwell

Property Tax Bills Across Summerland Key, Monroe County, Florida

Property tax bills in Summerland Key are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. Local taxing authorities set the rates, and the final bill reflects both the assessed value and any exemptions a homeowner may qualify for. For a home with a median price of $860,069, the tax burden can be significant, especially when compared with the national median property tax bill of $2,400.

What a homeowner pays depends on how the property is valued and which taxing districts apply. In Monroe County, the median property tax bill is $5,853 in ZIP code 33042, and bills can vary widely across homes. The 25th percentile bill is $3,898, while the 75th percentile reaches $8,104 and the 90th percentile climbs to $11,557. Higher assessed values generally lead to higher tax bills, which can make homeownership more expensive and affect long-term affordability.

Property Tax Bills Across Summerland Key, Monroe County, Florida

Source: Ownwell

$2,640

$7,697

$12,754

Median Summerland Key Tax Bill

$5,853

Median Monroe County Tax Bill

$5,260

Median Florida Tax Bill

$3,263

Median United States Tax Bill

$2,400

Property Tax Bills Across Summerland Key, Monroe County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
33042	$2,470	$3,896	$5,853	$8,103	$11,550

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 Summerland Key, Florida

How are property taxes calculated in Summerland Key, Florida?

Property taxes in Summerland 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 Summerland Key, Florida?

To appeal your property taxes in Summerland 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 Summerland Key, Florida?

Common property tax exemptions in Summerland 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 Summerland Key, Florida?

Property tax deadlines in Summerland 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 Summerland Key, Florida?

Ownwell provides professional property tax appeal services in Summerland 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.