Murray County, Minnesota Property Taxes
Property Taxes in Murray County, Minnesota
Median Murray County effective property tax rate: 0.83%, significantly lower than the national median of 1.02%.
Median Murray County home value: $190,700
Median annual Murray County tax bill: $1,376, 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 Murray County or another part of Murray County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Murray County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$1,583
$1,469
How Does the Murray County Property Tax Calculator Work?
Use this Murray County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Murray County's median effective tax rate of 0.83% to generate your estimate.
Enter your property's estimated assessed value — the figure the appraisal district assigns for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. Murray County's median tax rate is lower than Minnesota's 1.13% state median tax rate and below the 1.02% national median property tax rate.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Murray County.
Property Tax Rates Across Murray County, Minnesota
What Are Effective Property Tax Rates Across Murray County?
Local government entities set tax rates, which vary widely across Murray County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.
Below, compare Murray County's effective property tax rate to other counties in Minnesota or the U.S. median of 1.02%.
Murray County's median effective rate stands at 0.83%, which is lower than the national median of 1.02%. Within Murray County, the highest rate is found in Fulda at 1.16%, while Hadley has the lowest at 0.45%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
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
0.83%
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 Minnesota Tax Rate
1.13%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Murray County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avoca | 0.17% | 0.43% | 0.67% | 0.94% | 1.34% |
| Balaton | 0.14% | 0.17% | 0.29% | 0.51% | 0.57% |
| Chandler | 0.13% | 0.24% | 0.76% | 1.00% | 1.11% |
| Currie | 0.21% | 0.47% | 0.77% | 1.20% | 1.60% |
| Dovray | 0.62% | 0.72% | 0.80% | 0.99% | 1.11% |
| Dundee | 0.16% | 0.18% | 0.40% | 0.68% | 0.69% |
| Edgerton | 0.14% | 0.19% | 0.28% | 0.53% | 0.56% |
| Fulda | 0.39% | 0.90% | 1.16% | 1.25% | 1.31% |
| Garvin | 0.31% | 0.46% | 0.65% | 0.81% | 1.06% |
| Hadley | 0.16% | 0.30% | 0.45% | 0.77% | 1.09% |
| Iona | 0.17% | 0.38% | 0.85% | 1.10% | 1.35% |
| Lake Wilson | 0.14% | 0.28% | 0.80% | 1.05% | 1.17% |
| Ruthton | 0.12% | 0.18% | 0.33% | 0.53% | 0.59% |
| Slayton | 0.41% | 0.60% | 0.90% | 1.14% | 1.28% |
| Tracy | 0.29% | 0.51% | 0.74% | 0.89% | 1.27% |
| Walnut Grove | 0.16% | 0.19% | 0.30% | 0.55% | 0.57% |
| Westbrook | 0.17% | 0.20% | 0.32% | 0.56% | 0.65% |
| Woodstock | 0.12% | 0.14% | 0.19% | 0.45% | 0.52% |
| Wilmont | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Murray County, Minnesota
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 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.
Assessment notices:
In Murray County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of March.
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. The median tax bill in Murray County is $1,376, compared with the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Tax bills vary widely across the county, from $368 in Dovray to $2,271 in Tracy, while Edgerton has the highest median home price at $641,300.
Property Tax Assessment Values Across Murray County, Minnesota
Source: Ownwell
$47,900
$344,600
$641,300
Median Murray County Market Value
$190,700
Median Minnesota Market Value
$304,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Murray County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avoca | $7,370 | $37,050 | $133,700 | $260,950 | $591,760 |
| Balaton | $121,070 | $202,750 | $492,900 | $1,474,825 | $2,006,600 |
| Chandler | $27,280 | $91,750 | $199,600 | $420,400 | $1,325,920 |
| Currie | $10,300 | $59,700 | $172,300 | $330,950 | $723,400 |
| Dovray | $3,000 | $14,375 | $47,900 | $98,675 | $121,060 |
| Dundee | $167,580 | $221,150 | $379,900 | $1,197,600 | $2,197,360 |
| Edgerton | $193,160 | $279,850 | $641,300 | $1,362,650 | $1,769,800 |
| Fulda | $47,900 | $90,700 | $162,700 | $263,500 | $421,300 |
| Garvin | $78,650 | $196,775 | $314,200 | $474,250 | $828,810 |
| Hadley | $48,540 | $105,000 | $260,400 | $483,800 | $1,539,480 |
| Iona | $3,100 | $39,900 | $115,600 | $326,000 | $1,353,110 |
| Lake Wilson | $14,280 | $66,725 | $147,500 | $329,250 | $1,122,510 |
| Ruthton | $156,650 | $203,150 | $272,550 | $936,875 | $1,682,810 |
| Slayton | $34,180 | $82,000 | $177,200 | $326,600 | $572,140 |
| Tracy | $35,700 | $164,575 | $294,750 | $500,825 | $741,550 |
| Walnut Grove | $144,980 | $236,750 | $477,850 | $1,495,225 | $2,180,700 |
| Westbrook | $151,870 | $211,775 | $442,000 | $1,462,475 | $1,984,340 |
| Woodstock | $116,980 | $197,800 | $482,600 | $1,630,500 | $1,966,080 |
| Wilmont | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Murray County, Minnesota
Property tax bills in Murray County are based on the assessed value of a home and the local tax rate applied to that value. When a property’s market value changes, the assessed value can change too, which can raise or lower the tax bill. Local budgets, school funding, and other public services also influence how much homeowners owe each year.
With a median home price of $190,700, many homeowners in Murray County see bills that vary widely depending on where they live and how their property is assessed. The county’s tax bill ranges from $682 at the 25th percentile to $2,424 at the 75th percentile, with the 90th percentile reaching $3,684. Tracy has the highest median tax bill at $2,271, while Dovray has the lowest at $368.
For homeowners, this means property taxes can be a major part of annual housing costs, especially when assessed values rise faster than expected.
Median Murray County Tax Bill
$1,376
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Murray County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avoca | $79 | $310 | $708 | $1,442 | $2,528 |
| Balaton | $541 | $788 | $1,547 | $2,828 | $4,078 |
| Chandler | $210 | $601 | $1,132 | $1,804 | $2,624 |
| Currie | $101 | $538 | $1,151 | $2,189 | $3,287 |
| Dovray | $24 | $118 | $368 | $656 | $961 |
| Dundee | $1,011 | $1,235 | $1,898 | $2,399 | $4,158 |
| Edgerton | $792 | $1,256 | $1,780 | $3,003 | $3,711 |
| Fulda | $458 | $906 | $1,622 | $2,478 | $3,814 |
| Garvin | $504 | $1,172 | $2,128 | $3,142 | $4,136 |
| Hadley | $340 | $572 | $1,090 | $2,048 | $3,386 |
| Iona | $40 | $338 | $884 | $1,700 | $3,238 |
| Lake Wilson | $130 | $482 | $989 | $1,580 | $2,643 |
| Ruthton | $480 | $706 | $1,248 | $2,336 | $4,000 |
| Slayton | $302 | $718 | $1,384 | $2,516 | $3,664 |
| Tracy | $456 | $1,252 | $2,271 | $3,298 | $4,449 |
| Walnut Grove | $689 | $1,157 | $1,759 | $3,214 | $5,213 |
| Westbrook | $652 | $1,082 | $1,790 | $3,207 | $4,200 |
| Woodstock | $365 | $624 | $1,512 | $2,514 | $3,347 |
| Wilmont | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Murray Tax Assessor | |
| Website | tax.cptmn.us |