Homeowners Association for single family homes are few and in between in the Florida Keys. Typically, if a neighborhood has a Homeowners Association, it is voluntary. The average cost of an HOA in the Florida Keys is around $200.00 – $300.00 yearly.

Although there are a limited number of HOA’s in the Florida Keys, when a neighborhood does have them, they often offer you access to a beach, picnic area, and boat ramp! Which is pretty awesome if you don’t own a home on the water.  

Monroe County has the lowest property taxes in Florida!

As a buyer, you can expect to pay about 1 percent of the purchase price.

For example, if you purchase a home for $400,000, property taxes will be about 4,000 dollars a year. The actual amount will be a little less, but to keep it simple, we estimate 1 percent.

Often as a buyer, you will see the property listed with the current owner’s tax rate. YOUR taxes will be different, so don’t use the current seller’s rate in your estimates!

Don’t forget to homestead your property for more tax benefits. 

Helpful Links

Monroe County Tax Collector’s Office