A tax rate of $.489 per $100 valuation has been proposed by the governing body of the City of Sherman.
PROPOSED TAX RATE VOTER-APPROVAL TAX RATE - $0.48900
NO-NEW REVENUE TAX RATE - $0.46236
VOTER-APPROVAL TAX RATE - $0.51145
per $100 per $100 per $100
The no-new revenue tax rate is the tax rate for the 2020 tax year that will raise the same amount of property tax revenue for the City of Sherman from the same properties in both the 2019 tax year and the 2020 tax year.