What is the property tax rate in Key West, FL?

Key West has an estimated effective property tax rate of 0.53%. On a median home valued at $816,300, homeowners pay approximately $4,312 per year in property taxes.

How does Key West compare to Monroe County?

Key West's effective rate of 0.53% is equal to the Monroe County average of 0.53%. The county-wide median annual tax is $4,129, while Key West homeowners pay an estimated $4,312.

How much are property taxes in Key West on a $300,000 home?

Based on Key West's effective rate of 0.53%, property taxes on a $300,000 home would be approximately $1,590 per year, or about $133 per month.

Key West Property Tax Rate

Monroe County, Florida

0.53%effective rate

Key West is located in Monroe County, Florida. Homeowners in Key West pay a median of $4,312 per year in property taxes on a home valued at $816,300, resulting in an effective tax rate of 0.53%. This is roughly in line with the Monroe County average of 0.53%.

Effective Tax Rate🏠

0.53%

vs 0.53% county avg

Est. Annual Tax💰

$4,312

Per year

Median Home Value📊

$816,300

2024 estimate

Population📍

25,824

Key West, FL

How Key West Compares

Key West

0.53%

Monroe County Average

0.53%

Florida Average

0.76%

National Average

0.92%

About Property Taxes in Key West

Property taxes in Key West are collected by Monroe County. Tax exemptions available to Monroe County residents — including homestead, senior, and disability exemptions — also apply to homeowners in Key West. For detailed information on available exemptions and the county tax collector, see the Monroe County property tax page.

Property Tax Calculator

Estimate your annual property tax in Key West

Home Value

$50k$2M

Apply homestead exemption ($100,000 school tax reduction)

Estimated Annual Property Tax

$1,590

$133/month · Rate: 0.53%

Monroe County Property Taxes

County-level data, exemptions, historical trends, and tax collector info.

View county details →

Florida Property Taxes

Statewide rates, all 67 counties, and exemptions.

View state details →

Think your property tax is too high?

Homeowners save an average of $1,148/year by appealing their assessment.

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Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.