Hotel Occupancy Tax
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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:
City of Sherman
Grayson County College
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
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.
first public hearing
was held on August 19, 2013, at 5:00 pm at Sherman City Hall, 220 W Mulberry St, Sherman, Texas 75090.
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
: 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
PRESENT and not voting
: Council Member Joe N Smith
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