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Property Tax
Rates
The property tax rate for the City of Sherman is $0.348 / $100 of assessed property value as of January 1, 2013. The total rate for most Sherman residents consists of the city’s rate and three other rates:
Taxing Entity Tax Rate
City of Sherman 0.3480
Sherman ISD 1.4400
Grayson County 0.4909
Grayson County College 0.1818
Total 2.4607


Effective Tax Rate and Rollback Rate
The effective tax rate is the rate that would provide the City with about the same amount of revenue it received in the year before on properties taxed in both years.  If property values rise, the effective tax rate will go down and vice versa.  The rollback rate is the maximum rate allowed by law without voter approval.  The rollback rate provides the City with about the same amount of tax revenue it spent the previous year for day-to-day operations, plus an extra 8 percent increase for those operations and an amount sufficient to pay the City's debt service.  Th
e Effective Tax Rate publication presents both these rates.

Public Hearings on FY 2015 Tax Rate
Two hearings on the proposed FY 2015 tax rate will be held on Monday, August 18, 2014 and Monday, September 2, 2014 during the regularly scheduled City Council meeting at 5:00 p.m. in City Council chambers at Sherman City Hall, 220 W. Mulberry.

Notice of Public Hearing on Tax Increase - FY 2014 Tax Revenue
The City of Sherman, Texas, will held two public hearings on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 7.3 percent.  Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted.

The first public hearing was held on August 19, 2013, at 5:00 pm at Sherman City Hall, 220 W Mulberry St, Sherman, Texas 75090.

The second public hearing was held on September 3, 2013 at 5:00 pm at Sherman City Hall, 220 W Mulberry St, Sherman, Texas 75090.

The members of the governing body voted on the adoption of the tax rate on September 16:
FOR:  Mayor Carolyn S Wacker, Deputy Mayor Pamela L Howeth, Council Member Ryan Johnson, Council Member Jason Sofey, Council Member Robert G Softly, and Council Member David Plyler
AGAINST:  None
PRESENT and not voting:  None
ABSENT:  Council Member Joe N Smith


Tax & Valuations

Taxable Value
The following chart shows the steady increase in the value of the existing property in the city and the value added from new property.





Tax Rates
The following chart shows the effect of a decrease in the tax rate in 2009*. The sales tax rate was increased to partially offset the decrease in the property tax rate.

Prop Tax.jpg


Sherman Texas