Upper Matecumbe Key, Monroe County, Florida Property Taxes
Property Taxes in Upper Matecumbe Key, Florida
Median Upper Matecumbe Key, Florida effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, and lower than the Florida state median of 1.10%.
Median Upper Matecumbe Key, Florida home value: $1,524,240
Median annual Upper Matecumbe Key, Florida tax bill: $10,551, $8,151 higher than the national median property tax bill of $2,400.
How are property taxes in Monroe calculated?
Property taxes in Upper 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 Upper Matecumbe Key's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Upper Matecumbe Key, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Upper Matecumbe Key, Monroe County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$10,822
$10,043
How Does the Upper Matecumbe Key Property Tax Calculator Work?
Use this Upper Matecumbe Key property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Upper Matecumbe Key's median effective tax rate of 0.71% — 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 Upper 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 Upper Matecumbe Key: rates range from 0.71% in 33036 to 0.71% 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 Upper Matecumbe Key.
About Upper Matecumbe Key Property Taxes
About Property Taxes in Upper Matecumbe Key, Monroe, Florida
Upper Matecumbe Key’s median effective property tax rate of 0.71% 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 that vary by subdivision throughout the city.
Property tax rates are not uniform across Upper Matecumbe Key. Homeowners in ZIP code 33036 carry a median effective rate of 0.71%, while those in 33036 pay 0.71%. 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 Upper Matecumbe Key you live in can make a meaningful difference to your annual tax bill.
Upper Matecumbe 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 Upper 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 Upper Matecumbe 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 Upper Matecumbe Key Tax Rate
0.71%
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 Upper Matecumbe Key, Monroe County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33036 | 0.27% | 0.55% | 0.71% | 0.79% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Upper Matecumbe Key, Monroe County, Florida
When examining property taxes in Upper 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 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 Upper Matecumbe Key, the median home price is $1,524,240, and the median tax bill is $10,551, compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400. The highest median home price is in 33036 at $1,524,240.
Property Tax Assessment Values Across Upper Matecumbe Key, Monroe County, Florida
Source: Ownwell
$365,490
$1,120,322
$1,875,153
Median Upper Matecumbe Key Market Value
$1,524,240
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 Upper Matecumbe Key, Monroe County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33036 | $990,032 | $1,189,249 | $1,524,240 | $2,554,490 | $3,545,034 |
Source: Ownwell
Property Tax Bills Across Upper Matecumbe Key, Monroe County, Florida
How are property tax bills calculated in Upper Matecumbe Key, Florida?
Property tax bills in Upper 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, and the final bill can also reflect exemptions or other adjustments. With a median home price of $1,524,240, even small changes in assessment can have a meaningful impact on what homeowners owe.
What factors affect the amount homeowners pay?
The biggest drivers are the home’s assessed value, the tax rate set by local governments, and any eligible exemptions. In Monroe County, property tax bills vary widely, with the 25th percentile at $7,327, the 75th percentile at $14,660, and the 90th percentile at $21,120. That range shows how different property characteristics and assessments can lead to very different tax burdens.
How does this affect homeowners?
Higher assessed values can lead to larger bills, which may strain household budgets. For many homeowners, understanding how the bill is calculated is the first step to making sure they are not paying more than necessary.
Property Tax Bills Across Upper Matecumbe Key, Monroe County, Florida
Source: Ownwell
$2,640
$7,697
$12,754
Median Upper Matecumbe Key Tax Bill
$10,551
Median Monroe County Tax Bill
$5,260
Median Florida Tax Bill
$3,263
Median United States Tax Bill
$2,400
Property Tax Bills Across Upper Matecumbe Key, Monroe County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33036 | $3,122 | $7,327 | $10,551 | $14,660 | $21,120 |
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 |