Anna Maria Island Property Tax Information for 2024–25
Anna Maria property owners will see a tax break in the 2024–25 fiscal year. Thanks to a reduced millage rate, homeowners and investors alike can expect lower annual bills. Whether you’re a full-time resident or you own a vacation rental, here’s what you need to know about property taxes, millage rates, and how to estimate your savings.
2024–25 Millage Rate Reduction
The millage rate (amount per $1,000 of property value) is dropping from 2.05 mills to 1.65 mills.
For a property appraised at $500,000:
Old Rate (2.05 mills): $1,025 in property taxes
Rollback Rate (1.8164 mills): $908.20
New Rate (1.65 mills): $825
That’s a 19.52% tax reduction compared to the previous year.
Why the Change?
Property values in Anna Maria rose 14% in the past year.
To avoid a tax increase, commissioners would have had to adopt a rollback rate of 1.8164 mills.
Instead, they set the rate at 1.65 mills, ensuring a tax cut.
The city still maintains a $987K contingency fund for emergencies like storm cleanup.
What This Means for Property Owners
Homestead Properties: Benefit from both the reduced millage rate and Florida’s Save Our Homes Act, which caps annual assessment increases at ~3%.
Non-Homestead & Rental Homes: May see higher assessed values due to appreciation or improvements, but still benefit from the lower millage.
Investors in Vacation Rentals: Lower property taxes help offset rising insurance costs, improving ROI.
Anna Maria Sales Tax
Don’t confuse property tax with sales tax:
The combined sales tax rate in Anna Maria is 7.0% in 2025.
Florida sales tax = 6.0%
Manatee County surtax = 1.0%
City of Anna Maria = 0%
Tools & Resources
Search your taxes online: Manatee County Tax Collector
Calculate your bill: Use an Anna Maria Island property taxes calculator to estimate your annual payments.
Check TRIM notices: Arrive in late summer; you have 25 days to appeal if your assessment looks off.
FAQs About Anna Maria Island Property Taxes
What is the property tax rate in Anna Maria Island, Florida?
For 2024–25, the millage rate is 1.65 mills, down from 2.05 mills.
How do I estimate my Anna Maria Island property taxes?
Multiply your taxable property value (after exemptions) by the millage rate (1.65 per $1,000). Example: A $500,000 property × 0.00165 = $825.
Do rental homes get the same tax break?
Yes, but non-homestead properties are not capped by Save Our Homes, so assessments may rise faster.
What happens if my TRIM notice looks too high?
You have 25 days to appeal with the county property appraiser’s office.
How do property taxes impact ROI on a vacation rental?
Lower property taxes reduce expenses and improve profitability, especially important given rising insurance and maintenance costs.
Anna Maria Island property owners are set to benefit from lower property taxes in 2024–25, making it an attractive time for both homeowners and real estate investors. With strong vacation rental demand and now lower carrying costs, Anna Maria Island Florida real estate continues to shine as one of the Gulf Coast’s most appealing markets.
