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Property Tax
Proposed 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.
Adopted Tax Rate for Fiscal Year Ending September 30, 2020
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 24 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $94.39
Rates
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
- 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.