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Property Tax
Proposed Tax Rate for the Fiscal Year Ending September 30, 2020
Effective Tax Rate and Rollback Rate
The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue from the same properties in both the preceding tax year and the current tax year. The rollback tax rate is the highest tax rate that the City may adopt before voters are entitled to petition for an election to limit the rate that may be approved to the rollback rate.
Adopted Tax Rate for Fiscal Year Ending September 30, 2019
THE CITY OF SHERMAN ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 5.0 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $20.36
Rates
The property tax rate for the City of Sherman is $0.4273 / $100 of assessed property value as of January 1, 2018. The total rate for most Sherman residents consists of the city’s rate and three other rates:
| Taxing Entity | Tax Rate |
|---|---|
| City of Sherman | 0.427300 |
| Sherman ISD | 1.440000 |
| Grayson County | 0.460366 |
| Grayson County College | 0.181200 |
| Total | 2.508866 |
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.