Taxes

Whether you are a new company relocating to Murray, Kentucky, or an existing company expanding here, there are tax incentives that may be available to you. Working with State and local officials, MCEDC will help your company take advantage of every opportunity to minimize your tax burden, legally and appropriately, while providing necessary services.

Our current tax structure already provides pro-business incentives. MCEDC will remain up to date on the changes to the current tax environment and will always focus on providing the most up-to-date information to you.

  • New Market Tax Credit eligible
  • Opportunity Zone
  • No local taxation on manufacturing machinery
  • No local taxation on raw material or goods in process
  • Property Tax exemptions eligible

Learn more about State Property tax rates and local property tax rates in the chart below.

State Property Tax Rates Per $100 Valuation

Class of propertyState RateLocal Taxation Permitted
Real Estate
$0.1220
Yes
Manufacturing Machinery
$0.1500
No
Pollution Control Equipment
$0.1500
No
Inventories: Raw Materials
$0.0500
No
Inventories: Goods in Process
$0.0500
No
Inventories: Finished Goods
$0.0500
No
Inventories: Goods-in-Transit
exempt
Limited
Motor Vehicles
$0.4500
Yes
Other Tangible Personal Property
$0.4500
Yes
Source: Kentucky Department of Revenue

Local Property Tax Rates Per $100 Valuation

Taxing Jurisdiction Real Estate Tangibles
Calloway County $0.1350 $0.1546
City of Murray $0.3154 $0.3154
Calloway County School District $0.4630 $0.4630
Murray Independent School District $0.7090 $0.7090
Source: Kentucky Department of Revenue
1004 Waldrop Drive,  Murray, KY 42071
 270-762-3789     270-752-7521
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