Big Pine Key, Monroe County, Florida Property Taxes

Name: Property Tax Bills Across Big Pine Key, Monroe County, Florida
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Big Pine Key, FL effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Big Pine Key, FL home value: $648,818
Median annual Big Pine Key, FL tax bill: $3,931, $1,531 higher than the national median property tax bill of $2,400.

How are property taxes in Monroe County calculated?

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

Last Updated March 1, 2025

Big Pine Key, Monroe County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.66%

Estimate Property Tax Bill

$4,282

$3,974

Ownwell’s Big Pine Key Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Big Pine Key with just two data points. By entering your property's estimated assessed value, our calculator applies Big Pine Key’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Monroe County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Monroe County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Big Pine Key, Monroe County, Florida

Local government entities determine property tax rates, which can differ significantly within a state. Each county calculates its budget needs for essential services and divides this by the total assessed value of all taxable properties in its area. This process results in the property tax rate. Although voting and legislation play roles in setting these rates, this is the fundamental yearly method.

In Big Pine Key, situated in Monroe County, the effective property tax rate is 0.66%. This rate aligns with the highest and lowest rates in the area, as Monroe County maintains a consistent tax rate across its jurisdiction. When compared to the median property tax rate in Florida, Big Pine Key's rate is consistent with the state average. However, it is notably lower than the national median property tax rate of 1.02%. This means that homeowners in Big Pine Key generally pay less in property taxes compared to the national average. Understanding these rates can help property owners make informed decisions about their investments and potential savings in property tax payments.

Property Tax Rates Across Big Pine Key, Monroe County, Florida

Source: Ownwell

0.59%

0.68%

0.77%

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 Big Pine Key Tax Rate

0.66%

Median Effective Monroe County Tax Rate

0.65%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Big Pine Key, Monroe County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
33043	0.33%	0.48%	0.66%	0.75%	0.86%

Source: Ownwell

Property Tax Assessment Values Across Big Pine Key, Monroe County, Florida

When examining property taxes in Big Pine Key, FL, 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. In Monroe County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Big Pine Key. For example, the median home price in Big Pine Key is $648,818, with tax bills ranging significantly across the county. Zip code 33043 has the highest median home price at $648,818.

Property Tax Assessment Values Across Big Pine Key, Monroe County, Florida

Source: Ownwell

$284,170

$969,398

$1,654,626

Median Big Pine Key Market Value

$648,818

Median Monroe County Market Value

$759,247

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Big Pine Key, Monroe County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
33043	$363,562	$498,699	$648,818	$832,042	$1,030,934

Source: Ownwell

Property Tax Bills Across Big Pine Key, Monroe County, Florida

In Big Pine Key, located in Monroe County, FL, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. With a median home price of $648,818, homeowners in this area face property tax bills that vary significantly. The tax bill at the 25th percentile is $2,661, while it rises to $5,261 at the 75th percentile, and can reach up to $6,711 at the 90th percentile. The median tax bill in the area is $3,931, which is above the national median of $2,400, reflecting the higher property values in the region. These taxes fund essential local services but can be a financial strain for homeowners. Ownwell helps alleviate this burden by offering property tax appeal and exemption services. By analyzing your property’s assessment and identifying potential savings, Ownwell ensures that you’re not overpaying on your property taxes, providing expert guidance to help reduce your tax bill and put money back in your pocket.

Property Tax Bills Across Big Pine Key, Monroe County, Florida

Source: Ownwell

$2,412

$6,682

$10,952

Median Big Pine Key Tax Bill

$3,931

Median Monroe County Tax Bill

$4,638

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Big Pine Key, Monroe County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
33043	$1,781	$2,661	$3,931	$5,261	$6,711

Source: Ownwell

Don't miss the deadline to petition!

Dates
Property Valuation Date	January 1
Appeal Deadline	September 13
Tax Bill
Issued	November 1

Links
Monroe Property Appraiser
Website	qpublic.schneidercorp.com