Murray County, Oklahoma Property Taxes

Name: Property Tax Bills Across Murray County, Oklahoma
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Murray County effective property tax rate: 0.70%, significantly lower than the national median of 1.02%. Median Murray County home value: $87,065. Median annual Murray County tax bill: $515, $1,885 lower than the national median property tax bill of $2,400.

How are property taxes in Murray County calculated?

Property taxes in Murray County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Sulphur or another part of Murray County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Murray County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.7%

Estimate Property Tax Bill

$609

$566

Ownwell’s Murray County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Murray County with just two data points. By entering your property's estimated assessed value, our calculator applies Murray County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Murray County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Murray County, Oklahoma

Local government entities determine tax rates, leading to significant variations within a state. This is because each county annually estimates the budget needed to provide services and divides it by the total value of all taxable property in its jurisdiction, resulting in the property tax rate. Although laws and votes play a role in determining tax rates and budgets, this is essentially the yearly process. Murray County, for instance, has an effective property tax rate of 0.70%, which is below the national median of 1.02%. In Oklahoma, the highest median tax rate is also 0.70% in Wynnewood, while the lowest is 0.47% in Mill Creek. This comparison highlights the diversity in property tax rates within the state and underscores the importance of understanding local tax obligations. Whether you're a homeowner or a potential buyer, being informed about these rates can significantly impact your financial planning and investment decisions.

Property Tax Rates Across Murray County, Oklahoma

Source: Ownwell

0.47%

0.59%

0.70%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Murray County Tax Rate

0.70%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Murray County, Oklahoma

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Davis	0.27%	0.41%	0.68%	0.97%	1.04%
Dougherty	N/A	N/A	N/A	N/A	N/A
Hennepin	N/A	N/A	N/A	N/A	N/A
Mill Creek	0.20%	0.29%	0.47%	0.74%	0.91%
Roff	0.28%	0.47%	0.64%	0.78%	1.07%
Sulphur	0.28%	0.44%	0.70%	0.96%	1.02%
Wynnewood	0.35%	0.48%	0.70%	0.93%	0.98%

Source: Ownwell

Property Tax Assessment Values Across Murray County, Oklahoma

When examining property taxes in Murray County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Murray County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Murray County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Murray County.

For example, the median tax bill in Murray County is $746, with tax bills ranging significantly across the county. Mill Creek has the highest median home price at $116,113.

Property Tax Assessment Values Across Murray County, Oklahoma

Source: Ownwell

$69,653

$92,883

$116,113

Median Murray County Market Value

$87,065

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Murray County, Oklahoma

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Davis	$33,710	$51,918	$93,729	$158,674	$235,280
Dougherty	N/A	N/A	N/A	N/A	N/A
Hennepin	N/A	N/A	N/A	N/A	N/A
Mill Creek	$39,969	$74,069	$116,113	$227,056	$353,461
Roff	$19,897	$30,446	$69,653	$138,974	$216,272
Sulphur	$28,279	$45,728	$82,967	$153,637	$241,735
Wynnewood	$41,048	$62,935	$108,471	$178,372	$235,779

Source: Ownwell

Property Tax Bills Across Murray County, Oklahoma

In Murray County, Oklahoma, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the county is $87,065. The property tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Murray County can expect a wide range of tax bills, with the 25th percentile at $255 and the 75th percentile reaching $1,084. Those at the 90th percentile face a tax bill of approximately $1,930. These figures highlight the variability in tax burdens across the county. Mill Creek, with the highest median tax bill of $746, contrasts with Roff, where the lowest median tax bill is $329. Compared to the national median property tax bill of $2,400, Murray County homeowners generally face a lighter tax burden. However, these taxes can still significantly impact household budgets, influencing decisions on homeownership and financial planning.

Property Tax Bills Across Murray County, Oklahoma

Source: Ownwell

$329

$538

$746

Median Murray County Tax Bill

$515

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Murray County, Oklahoma

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Davis	$165	$287	$542	$1,042	$1,812
Dougherty	N/A	N/A	N/A	N/A	N/A
Hennepin	N/A	N/A	N/A	N/A	N/A
Mill Creek	$131	$205	$746	$1,670	$2,864
Roff	$84	$157	$329	$1,038	$1,575
Sulphur	$136	$239	$503	$1,090	$1,966
Wynnewood	$235	$358	$659	$1,337	$1,963

Source: Ownwell