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Updated 2025 Tax Year

Murray County
Property Tax Guide

Everything you need to know about property taxes in Murray County, MN. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Quick Facts
Tax Rate
0.9% to 1.2% of market value, varies by taxing district combination
1st Due
May 15
2nd Due
Oct 15
Exemptions
5+ Available
Section 1

How Property Tax Works

Murray County, Minnesota operates under the state's property tax system to fund essential local services including county government operations, schools, townships, and various special districts. Property taxes are the primary revenue source for these local government functions, with the county serving as the collection agent for all taxing jurisdictions within its boundaries.

The effective property tax rate in Murray County varies by location within the county due to different combinations of taxing districts, but generally ranges from approximately 0.9% to 1.2% of market value for most residential properties. Your actual tax rate depends on which school district, township, and special taxing districts (such as watershed districts or economic development authorities) serve your specific property location. The county uses a classification system where different property types (residential homestead, agricultural, commercial, etc.) are taxed at different rates, with residential homestead properties generally receiving the most favorable treatment.

Section 2

What Makes Up Your Tax Bill

Based on 2025 payable taxes, the following represents typical rate components in Murray County:

ComponentRate RangeDescription
County General Levy0.35-0.45%County operations, roads, human services
School District Levy0.45-0.65%Local school operations and debt service
Township/City Levy0.10-0.25%Local municipal services
Special Districts0.05-0.15%Watershed, economic development, other
Total Effective Rate0.95-1.50%Varies by specific location

Note: These rates apply to the 2025 levy year (taxes payable in 2025). Actual rates vary significantly based on your property's specific taxing districts. Rural properties may have different township levies, while properties in incorporated cities will have municipal levies instead of township levies. Contact the Murray County Assessor's office at (507) 836-6148 for your exact rate calculation.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Murray County, property taxes are due in two installments:

First Installment
May 15
Delinquent after Dec 10
Second Installment
Oct 15
Delinquent after Apr 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Murray County are additional property tax assessments that occur when there are mid-year changes to a property's taxable value. The most common triggers include new construction completion, property improvements, ownership transfers that remove agricultural classification, or corrections to assessment errors discovered after the initial tax roll is certified.

When supplemental taxes are levied, they are calculated using the same tax rates that applied to the original assessment, but only for the portion of the tax year remaining after the change occurred. For example, if a $100,000 home addition is completed on July 1st, the supplemental tax would be calculated on that $100,000 increase for the remaining six months of the tax year. The supplemental bill is typically issued 30-60 days after the triggering event and becomes due immediately upon receipt, with the same penalty structure as regular property taxes.

Example Calculation

Example 1: $300,000 Residential Homestead

  • Market Value: $300,000
  • Less: Homestead Credit Market Value Exclusion: $0 (credit applied to tax, not value)
  • Net Taxable Value: $300,000
  • Apply Tax Rate (1.10% average): $3,300
  • Less: Homestead Credit (est. $300): $3,000
  • Annual Tax: $3,000 | Monthly: $250

Example 2: $600,000 Residential Homestead

  • Market Value: $600,000
  • Net Taxable Value: $600,000
  • Apply Tax Rate (1.15% average): $6,900
  • Less: Homestead Credit (est. $400): $6,500
  • Annual Tax: $6,500 | Monthly: $542

Example 3: $1,000,000 Residential Homestead

  • Market Value: $1,000,000
  • Net Taxable Value: $1,000,000
  • Apply Tax Rate (1.20% average): $12,000
  • Less: Homestead Credit (est. $500): $11,500
  • Annual Tax: $11,500 | Monthly: $958

Note: Homestead credits require annual application and primarily limit assessment increases rather than reducing market value. All credits shown are estimates and require qualification and application through the county assessor's office.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Murray County require property tax escrow accounts for loans with less than 20% down payment. Your lender collects 1/12th of your annual property tax bill with each monthly mortgage payment, depositing these funds into an escrow account. The lender then pays your property taxes directly to Murray County on your behalf when they become due.

Murray County property taxes are paid in two installments: the first half is due May 15th, and the second half is due November 15th each year. Your mortgage servicer will typically pay these installments from your escrow account on or before the due dates. You should receive an annual escrow statement from your lender showing all deposits and payments, and any adjustments needed to maintain adequate reserves. If your property taxes increase due to reassessment or levy changes, your monthly escrow payment may be adjusted accordingly. You can verify that payments have been received by checking the Murray County property tax lookup system or contacting the County Treasurer's office at (507) 836-6153.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Murray County for 2025? A: Property taxes for 2025 are due in two installments: first half by May 15, 2025, and second half by November 15, 2025. Payments received after these dates are subject to penalty charges.

Q: What property tax credits are available and do they require application? A: Murray County offers several tax credits including the Homestead Credit, Senior Citizens Property Tax Deferral, and Disabled Veterans Homestead Exclusion. ALL credits require annual application through the county assessor's office and are not automatic. Applications typically must be filed by December 1st for the following tax year.

Q: How does the Homestead Credit work? A: The Homestead Credit is a tax credit (not an exemption) that reduces your actual tax bill and helps limit assessment increases on your primary residence. It caps assessment growth and provides direct tax reduction, but you must file an application with the county assessor's office annually to qualify. The credit amount varies based on income and property value.

Q: How often are properties reassessed in Murray County? A: Minnesota law requires properties to be assessed at current market value annually. Murray County reassesses all properties each year, with assessment notices typically mailed in March for taxes payable the following year.

Q: How can I appeal my property assessment? A: Assessment appeals in Murray County must be filed with the Local Board of Appeal and Equalization, which typically meets in April. You can also appeal to the County Board of Appeal and Equalization if unsatisfied with the local board's decision. Contact the assessor's office at (507) 836-6148 for specific deadlines and procedures.

Q: What are the penalties for late property tax payments? A: Minnesota law imposes an 8% penalty on the first half of taxes paid after May 15th, and an 8% penalty on the second half paid after November 15th. Additional interest accrues monthly on unpaid balances.

Q: Can I pay my property taxes online? A: Yes, Murray County offers online property tax payment through their website. You can pay by electronic check or credit card, though convenience fees may apply for credit card transactions. Contact the County Treasurer's office for current online payment options.

Q: Why do my taxes vary from my neighbor's even though our homes are similar? A: Tax differences can result from different assessed values, varying property classifications, different special taxing districts, or different credits applied. Properties in different school districts or townships within Murray County will have different total tax rates, and homestead vs. non-homestead classification significantly affects tax calculations.

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