All properties in Murray County are assessed for taxes so that county governments may finance the operation of its schools, public safety, infrastructure improvements, and quality of life. This assessment provides a uniform method by which each taxpayer can absorb their fair share of this cost, in proportion to the worth of their individual properties.
The property tax is part of a well-balanced revenue system. It is a more stable source of money than sales and income taxes because it does not fluctuate when communities have economic recessions.
As Murray County governments continue to upgrade schools, public safety, infrastructure improvements, and quality of life, your property values rise. Some of the windfall benefits you receive are recaptured by the property tax.