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 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.
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