Finance

Responsibilities & Services


The Finance Department is responsible for preparing financial reports, maintaining the general ledger, processing accounts payable and payroll, and cash and debt management. Our mission is to ensure fiscal responsibility to the citizens while providing competent, quality service and information to the external and internal customers of the Finance Department.

Budgeting


Financial Reporting


Financial Presentations


View recent and past presentations given by the Finance Department to city personnel and community members about Murphy's fiscal stability, investments, and general funds.

Property Taxes


The Central Appraisal District of Collin County appraises property annually and certifies appraised values to the government entities. A person age 65 or older or a disabled person may apply for an exemption from city taxation of $50,000 appraised value of the resident’s homestead. This can be done by submitting an affidavit claiming eligibility to the appraisal district. Application forms can be found on the appraisal district website.

The following data refers to the property tax rate for the 2016-2017 fiscal year per $100 assessed value:
Entity
Total Rate
City of Murphy
0.5100000
Collin County
0.2083950
Collin County Community College District
0.0812220
Plano Independent School District
1.4390000
Wylie Independent School District
1.6400000

Contact Resources
  • For property tax information:
    • Collin County Tax Office
      920 E. Park
      Plano, TX 75074
      Ph: 972-881-3014
    • 2300 Bloomdale Rd., Ste 2324 McKinney, TX 75071
      Ph: 972-547-5020