Property Tax & Income in Murray County, Minnesota
Murray County has an effective property tax rate of 0.79%. On the median home value of $185,400, that's roughly $1,471 per year. Median household income is $74,033.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | Murray County | Minnesota (state context) |
|---|---|---|
| Effective property tax rate1 | 0.79% | 0.98% |
| Median home value1 | $185,400 | — |
| State income tax3 | top rate 9.85% | top rate 9.85% |
| State sales tax3 | 8.14% combined | 8.14% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About Murray County, MN
In Murray County, Minnesota, the median home value of $185,400 carries an annual property tax bill of about $1,471, based on an effective rate of 0.793%. That rate sits just below the national median of 0.794% and well under Minnesota's statewide median of 0.985%, so buyers here pay less than many elsewhere in the state for the same home price. The county ranks 73rd of 87 Minnesota counties by property tax rate. Households earning a median of $74,033, with per-capita income at $40,935, can absorb the tax bill without straining a budget. Avoca, Chandler, and Currie anchor the county, and a buyer weighing affordability will find both home prices and tax rates below state norms.