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Monroe County · Key Colony Beach, FLKey Colony Beach, FL property taxes. Values fell. Did your assessment?
In January 2026, the typical home in Key Colony Beach was worth about $867,000, 11.3% below the July 2023 peak of $978,000. If your assessment still reflects peak-era prices, a petition may be worth filing.
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What Key Colony Beach home values did
Key Colony Beach values peaked in July 2023 and were 11.3% lower by January 2026. In the year to January 2026, they fell 7.3%. That's weaker than Monroe County as a whole (-3.8%).
Since January, values have risen 1.7% through August 2026.
| Month | Typical value | vs. a year earlier |
|---|---|---|
| January 2021 | $650,000 | +9.5% |
| January 2022 | $811,000 | +24.8% |
| January 2023 | $950,000 | +17.1% |
| January 2024 | $973,000 | +2.5% |
| January 2025 | $936,000 | -3.9% |
| January 2026 | $867,000 | -7.3% |
| August 2026 (latest) | $883,000 | +1.7% since January |
Peak since 2021: $978,000 in July 2023. January 2026 was 11.3% below it.
What to check on your notice
If your 2026 notice shows a higher value than last year, ask why. The typical Key Colony Beach home lost 7.3% over the same stretch. A higher number can still be right for a specific home, for example after a remodel, but the property appraiser should be able to explain it.
How Key Colony Beach compares nearby
Among 10 Monroe County places, Key Colony Beach has the 1st largest drop from its peak and the 5th highest typical value. Statewide, its 1-year change ranks 81st 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% |
| Key Colony Beach | $867,000 | -7.3% | -11.3% |
Deadline and where to file
Key Colony Beach 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 Key Colony Beach case
The numbers above describe the typical Key Colony Beach home, not yours. Key Colony Beach is part of the Key West metro, but your evidence should be local. Sales a few streets away usually beat sales across the metro.
- Challenging value means proving by a preponderance of the evidence that the assessed value is wrong, so documented sales and condition issues matter.
Get your Key Colony Beach 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.