Sales tax in the City of Sherman is 8.25%. The city's portion of that is 2% and the portion collected and retained by the State of Texas is 6.25%.
City Portion of the Sales Tax Rate
||Used for general operating purposes
||Used for the Sherman Economic Development Corporation (SEDCO). the city's 4A economic development corporation approved in May 1996)
||Used in lieu of property tax (half of this rate began in 1996 and the other half in October 2008)
||Used for street maintenance (expires March 31, 2020, unless the tax is renewed by voter approval)
||Total city portion of the tax rate