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Property Tax
Proposed Tax Rate for the Fiscal Year Ending September 30, 2023
This year's no-new-revenue tax rate and voter-approval tax rate, and an explanation of how each rate is calculated is on the Notice About 2022 Tax Rates.
2022 Tax Rate Calculation Worksheet
Adopted Tax Rate for the Fiscal Year Ending September 30, 2022
This year's no-new-revenue tax rate and voter-approval tax, and an explanation of how each rate is calculated is on the Notice About 2021 Tax Rates.
The City Council adopted a tax rate of $.489000/$100 on August 16, 2021.
Adopted
Tax Rate for the Fiscal Year Ending September 30, 2021
The Notice of Public Hearing on Tax Increase provides information about the proposed tax rate, taxable value and the tax levy.
Rates
The property tax rate for the City of Sherman is $0.4890 / $100 of assessed property value as of January 1, 2021. The total rate for most Sherman residents consists of the city’s rate and three other rates:
| Taxing Entity | Tax Rate |
|---|---|
| City of Sherman | 0.489000 |
| Sherman ISD | 1.469700 |
| Grayson County | 0.376700 |
| Grayson County College | 0.171067 |
| Total | 2.506467 |
Tax & Valuations
- Property tax is billed and collected by the Grayson County Tax Assessor-Collector, located at 100 W Houston in Sherman. They can be contacted by calling 903-892-8297.
- Property valuations are performed by the Grayson County Appraisal District, located at 205 N Travis Street in Sherman. They can be contacted by calling 903-893-9673.