Rate Breakdown

Property taxes in Murray County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Murray County

Property taxes in Murray County, Oklahoma, are based on the ad valorem system, meaning taxes are levied according to the value of the property. The process begins with the County Assessor, who determines the fair market value of your real estate and improvements. This value is then multiplied by the assessment ratio (which varies by property type) to determine the assessed value.

The final tax amount is calculated by applying the millage rate to the assessed value. A "mill" represents one-tenth of one percent of the property value. These rates are determined by local taxing jurisdictions, including the city, county, and school districts, to fund essential public services such as emergency response, road maintenance, and public education.

Available Exemptions

Oklahoma offers several tax relief programs to reduce the financial burden on eligible homeowners. Applying for these exemptions can significantly lower your annual tax liability:

• Homestead Exemption: Available to individuals or couples who own and occupy the property as their primary residence. This provides a significant reduction in the assessed value of the home.
• Senior Citizen Exemption: Homeowners aged 65 or older may qualify for additional exemptions or freezes on the assessed value of their primary residence.
• Disability Exemptions: Specific tax relief is available for homeowners who are totally and permanently disabled.
• Veteran Exemptions: Oklahoma provides tax exemptions for disabled veterans, depending on the degree of service-connected disability.

Payment Schedule & Deadlines

Property taxes in Murray County are typically billed annually. While the exact dates can vary by year, the general timeline is as follows:

• Billing: Tax statements are usually mailed by the County Treasurer in the latter half of the year.
• Deadlines: Payments are generally due by November 30th. However, it is recommended to check your specific statement for the exact due date.
• Installments: Some jurisdictions may offer payment plans, though most property taxes are paid in a single annual lump sum.
• Late Consequences: Payments made after the deadline are subject to interest penalties. Persistent non-payment can eventually lead to a tax lien or the property being sold at a public tax sale.

Appealing Your Assessment

If you believe your property has been overvalued by the County Assessor, you have the right to appeal the assessment. To begin the process, you must file a formal application for correction with the Murray County Assessor's office within the designated window following the mailing of your notice of value.

You will be required to provide evidence supporting your claim, such as recent appraisals of similar properties in your area or documentation of property damage. If the Assessor does not grant the correction, you may further appeal the decision to the Board of Equalization.