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Monroe County · Islamorada, FLIslamorada, FL property taxes. A dip in value. A case to check.
In January 2026, the typical home in Islamorada was worth about $1,207,000, 3.4% below the July 2022 peak of $1,249,000. If your assessment still reflects peak-era prices, a petition may be worth filing.
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What Islamorada home values did
Islamorada values peaked in July 2022 and were 3.4% lower by January 2026. In the year to January 2026, they rose 0.2%. That's stronger than Monroe County as a whole (-3.8%).
Since January, values have risen 2.7% through August 2026.
| Month | Typical value | vs. a year earlier |
|---|---|---|
| January 2021 | $751,000 | +12.8% |
| January 2022 | $1,028,000 | +37.0% |
| January 2023 | $1,202,000 | +16.9% |
| January 2024 | $1,238,000 | +3.0% |
| January 2025 | $1,205,000 | -2.7% |
| January 2026 | $1,207,000 | +0.2% |
| August 2026 (latest) | $1,239,000 | +2.7% since January |
Peak since 2021: $1,249,000 in July 2022. January 2026 was 3.4% below it.
What to check on your notice
The typical Islamorada home gained 0.2% in the year to January 2026. A notice that rose far more than that, or a value above what similar homes nearby actually sold for, is the usual starting point for a petition.
How Islamorada compares nearby
Among 10 Monroe County places, Islamorada has the 10th largest drop from its peak and the 1st highest typical value. Statewide, its 1-year change ranks 507th of 549 Florida places, from weakest to strongest.
| Place | January 2026 | 1-year change | vs. peak |
|---|---|---|---|
| Key West | $1,001,000 | -5.3% | -8.7% |
| Key Largo | $1,066,000 | -2.3% | -4.5% |
| Marathon | $823,000 | -2.6% | -7.0% |
| Stock Island | $646,000 | -6.6% | -10.7% |
| Ramrod Key | $819,000 | -7.4% | -10.0% |
| Big Pine Key | $719,000 | -4.1% | -6.9% |
| Summerland Key | $1,046,000 | -4.2% | -7.2% |
| Islamorada | $1,207,000 | +0.2% | -3.4% |
| Tavernier | $737,000 | -1.2% | -9.3% |
| Layton | $892,000 | -3.1% | -6.4% |
Deadline and where to file
Islamorada values are set by the local property appraiser. File your VAB petition on or before the 25th day after the property appraiser mails the TRIM notice. TRIM notices go out in mid-August in most counties. Exemption, classification, and deferral disputes get 30 days.
Reading this in fall 2026? The 2026 window has closed: TRIM notices went out in mid-August and the 25-day petition deadline fell in September. A late petition is only accepted if the board finds good cause (extraordinary circumstances) before a hearing is scheduled. Your next realistic chance is 2027: values are set as of January 1, 2027, TRIM notices arrive around August 2027, and you then have 25 days from the mailing date printed on your notice. You can ask the property appraiser for an informal conference at any point, which does not replace the petition.
The Monroe County guide covers the full Florida petition process: forms, fees, hearing levels and what happens next.
Building a Islamorada case
Averages explain why a case might work. The decision turns on evidence about one property. Islamorada is part of the Key West metro, but your evidence should be local. Sales a few streets away usually beat sales across the metro.
- Send your evidence list and copies to the property appraiser at least 15 days before the hearing; the appraiser must send you theirs, including the property record card, by the same deadline.
Get your Islamorada appeal report
Start with your address. Vulorean checks your assessment against recent comparable sales and builds a value report you can bring to your Florida petition. Eligible reports are free during launch; an account is required and local filing fees are separate.
Check my property and get a report →Vulorean was built for California first. Florida forms, deadlines and filing rules vary, so confirm them with your local office before filing. If something in your report looks wrong, email support@vulorean.com and we'll get it fixed.
Home values: Zillow Home Value Index (ZHVI), all homes, mid-tier, smoothed and seasonally adjusted, through August 2026, from Zillow Research. Rules: Florida Statutes 194.011, assessment notice and petitions, Florida Statutes 194.013, filing fees, Florida Statutes 194.032, VAB hearings timetable, Florida Statutes 194.171, circuit court deadline. Vulorean is an independent service, not a government office. Confirm dates and forms with your local office.