Hotel Occupancy Tax
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The property tax rate for the City of Sherman is $0.372 / $100 of assessed property value as of January 1, 2014. The total rate for most Sherman residents consists of the city’s rate and three other rates:
City of Sherman
Grayson County College
Effective Tax Rate and Rollback Rate
The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue from the same properties in both the preceding tax year and the current tax year. The rollback tax rate is the highest tax rate that the City may adopt before voters are entitled to petition for an election to limit the rate that may be approved to the rollback rate. The
Notice of 2014 Tax Year Proposed Property Tax Rate
for the City of Sherman contains more detailed information on the proposed tax rate and the public hearings preceding the adoption of the tax rate.
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.
The following chart shows the steady increase in the value of the existing property in the city and the value added from new property.
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.
City of Sherman, 220 W Mulberry St, Sherman, TX 75090