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Updated 2025 Tax Year

Murray County
Property Tax Guide

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

10 Official Sources
8 min read
Quick Facts
Tax Rate
2.00% base rate, varies by district with additional special taxing districts
Exemptions
5+ Available
Section 1

How Property Tax Works

Murray County, Oklahoma operates on a property tax system that funds essential local services including schools, county government operations, emergency services, and infrastructure maintenance. Property taxes in Murray County are assessed annually based on fair cash value, with the county's base tax rate around 2.00% for the 2025 tax year. However, your actual effective tax rate will vary depending on your specific location within the county due to additional special taxing districts such as school districts, fire districts, and municipal assessments.

The property tax system in Murray County follows Oklahoma's statewide assessment practices, with residential properties typically assessed at 11-13.5% of fair cash value. Property owners may be eligible for various tax credits that can reduce their final tax bill, though most credits require formal application and are not automatically applied. Understanding your property's location within specific taxing districts is crucial for calculating your total annual property tax obligation.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
Base County Levy2.00%Core county services and operations (FY 2025)
School DistrictVariesAdditional assessment based on local school district
Municipal/CityVariesCity services (if within city limits)
Fire DistrictVariesFire protection services
Special AssessmentsVariesInfrastructure, bonds, or special projects

Note: The 2.00% rate shown is the base Murray County rate effective for the 2025 levy year. Your total effective rate may be higher due to overlapping special taxing districts. Rates can vary significantly by location within Murray County, with total effective rates typically ranging from 2.00% to 3.50% depending on your specific taxing districts. Contact the Murray County Assessor's office for your exact district breakdown.

Section 3

When Are Property Taxes Due?

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

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 changes in property ownership, value, or use during the tax year. The most common triggers include ownership transfers (sales), new construction completion, additions or improvements to existing properties, and changes in property use classification. These supplemental taxes are calculated based on the difference between the old and new assessed values, prorated for the remaining months in the tax year.

For example, if you purchase a home in Murray County in July that was previously under-assessed, or if you complete a major home addition, the county assessor will issue a supplemental tax bill for the increased assessed value covering July through December. The supplemental tax is calculated by taking the difference in assessed value, applying the current tax rate, and prorating it for the remaining portion of the tax year.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (13.5%): $40,500
  • Less: Homestead Credit (if applied): -$1,000
  • Net Taxable Value: $39,500
  • Annual Tax (2.5% effective rate): $988
  • Monthly Escrow: $82

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (13.5%): $81,000
  • Less: Homestead Credit (if applied): -$1,000
  • Net Taxable Value: $80,000
  • Annual Tax (2.5% effective rate): $2,000
  • Monthly Escrow: $167

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (13.5%): $135,000
  • Less: Homestead Credit (if applied): -$1,000
  • Net Taxable Value: $134,000
  • Annual Tax (2.5% effective rate): $3,350
  • Monthly Escrow: $279

Note: Examples use a 2.5% effective rate including special districts. Actual rates vary by location. Credits shown require formal application and approval.

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Section 5

Escrow & Property Taxes

Most Murray County property owners with mortgages have their property taxes collected through escrow accounts managed by their lender. Your mortgage servicer estimates your annual property tax bill and divides it by 12, collecting this amount with your monthly mortgage payment. The lender typically maintains a cushion of 1-2 months of tax payments in your escrow account to ensure sufficient funds are available when taxes are due.

Property taxes in Murray County are paid in two installments: the first half is due by March 15th, and the second half is due by September 15th. Your lender will make these payments on your behalf from your escrow account. Each year, your lender conducts an escrow analysis to compare actual tax payments with collected escrow funds, which may result in an escrow shortage or surplus requiring payment adjustments. You should receive annual tax statements and escrow analyses to verify accuracy and can contact your lender if you notice discrepancies in the tax amounts being escrowed.

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 Murray County property taxes due? A: Property taxes are due in two installments for the 2025 tax year: first half by March 15th and second half by September 15th. Taxes become delinquent if not paid by these dates.

Q: What tax credits are available and how do I apply? A: Murray County offers several tax credits including the Homestead Credit for primary residences, Senior Citizen Credits for qualifying applicants over 65, and Disabled Veteran Credits. All credits require formal application through the Murray County Assessor's office and are not automatically applied.

Q: How does the Homestead Credit work? A: The Homestead Credit in Oklahoma caps assessment increases on your primary residence and may provide a small reduction in assessed value. You must file an application with the County Assessor's office, and the credit is not automatic. Applications filed after March 15th take effect the following tax year.

Q: When are properties reassessed? A: Murray County conducts annual assessments, with properties typically reassessed each year based on current market conditions. You'll receive assessment notices in early spring with appeal deadlines clearly marked.

Q: What happens if I pay my property taxes late? A: Late property taxes in Murray County accrue penalties and interest starting March 1st for the first half payment and after September 15th for the second half. Penalties compound monthly and can result in tax lien proceedings.

Q: Can I pay my property taxes online? A: Contact the Murray County Treasurer's office to inquire about online payment options and accepted payment methods for property taxes.

Q: How do special districts affect my tax rate? A: Special districts such as school districts, fire districts, and municipal services add additional assessments to your base county tax rate. Your total rate depends on which districts serve your property location.

Q: How do I appeal my property assessment? A: Assessment appeals in Murray County must be filed with the County Board of Equalization by the deadline specified on your assessment notice, typically within 30 days of receiving the notice.

Q: What if my property taxes seem too high compared to similar properties? A: Contact the Murray County Assessor's office to review your assessment and compare it with similar properties in your area. You may need to file a formal appeal if there are significant discrepancies.

Q: Do I need to reapply for tax credits every year? A: Most tax credits in Murray County remain in effect once approved unless your circumstances change. However, you should verify with the County Assessor's office about renewal requirements for specific credits.

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