Murphy, Texas property tax
Typical rate and yearly bill in Murphy, compared with Collin County. Census survey 2020-2024.
Estimate my billHow Murphy compares
How Murphy changed in five years
Comparing the Census surveys for 2015-2019 and 2020-2024, which do not overlap. Home values rose faster than bills, so the effective rate went down, often because of caps on assessment increases or rate cuts.
Property tax in Murphy, in plain words
Homeowners in Murphy typically pay $8,835 a year in property tax on a home worth $555,500, according to the Census Bureau's American Community Survey for 2020-2024. That works out to an effective rate of about 1.59% of home value.
That rate is about the same as Collin County as a whole (1.58%) and higher than the Texas typical rate of 1.49%. Across the US, the typical rate is 0.94%.
Owners with a mortgage report a typical bill of $9,268, and owners without one $7,693. The gap usually reflects newer buyers paying tax on higher, more recent values.
Against the typical household income of $175,699, the typical bill equals about 5.0% of income.
Your own bill depends on your home's assessed value, the exact school district and special districts at your address, and any exemptions you claim. Your Collin County tax office has the final number.
Common questions
What is the property tax rate in Murphy?
The typical effective rate is about 1.59% of home value per year, based on what homeowners report paying.
How much is property tax on a $400,000 home in Murphy?
About $6,360 a year at the typical rate. Exemptions and your exact district can move it either way.
Is Murphy higher or lower than Collin County?
Murphy's typical rate (1.59%) is about the same as the county's (1.58%).
Homestead exemptions · How to appeal · Where these numbers come from