The vibration behavior of a piezoelectrically actuated thick functionally graded (FG) annular plate is studied based on first order shear deformation plate theory (FSDPT). A consistent formulation that satisfies the Maxwell static electricity equation is presented so that the full coupling effect of the piezoelectric layer on the dynamic characteristics of the annular FG plate can be estimated based on the free vibration results. The differential equations of motion are solved analytically for various boundary conditions of the plate. The analytical solutions are derived and validated by comparing the obtained resonant frequencies of the composite plate with those of an isotropic core plate. As a special case, assuming that the material composition of core plate varies continuously in the direction of the thickness according to a power law distribution, a comprehensive study is conducted to show the influence of functionally graded index on the vibration behavior of smart structure. Also, the good agreement between the results of this paper and those of the finite element (FE) analyses validates the presented approach.