Property Tax

Notice About 2021 Tax Rates

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.


Tax Rate for the Fiscal Year Ending September 30, 2021

The  Notice of Tax Rates provides information about the no-new-revenue tax rate and the voter-approval tax rate.

The Notice of Public Hearing on Tax Increase provides information about the proposed tax rate, taxable value and the tax levy.


The property tax rate for the City of Sherman is $0.4890 / $100 of assessed property value as of January 1, 2019. 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 1.547300
Grayson County 0.416429
Grayson County College 0.171752
Total 2.62448

Tax & Valuations