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Sherman, Grayson County, Texas Property Taxes

  • Median SHERMAN, TX effective property tax rate: 2.31%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median SHERMAN, TX home value: $176,472

  • Median annual SHERMAN, TX tax bill: $4,040, $1,640 higher than the national median property tax bill of $2,400.

How are property taxes in Grayson calculated?

Property taxes in SHERMAN, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding SHERMAN’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in SHERMAN, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Sherman, Grayson County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.31%

Estimate Property Tax Bill

$4,077

$3,783

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Sherman Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sherman with just two data points. By entering your property's estimated assessed value, our calculator applies Sherman’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Grayson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Sherman, Grayson County, Texas

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Sherman, located in Grayson County, the effective property tax rate is notably higher than both the Texas state median and the national median. Sherman's rate reflects the county's budget needs and the cumulative value of taxable properties. While Texas is known for having higher property tax rates compared to other states, Sherman's rate stands out even within the state. This can be attributed to local budgetary requirements and the valuation of properties in the area. When comparing Sherman's property tax rate to the national median, the difference is significant, highlighting the importance of understanding local tax obligations. For property owners, it's crucial to stay informed and consider appealing or seeking exemptions if they believe their property is over-assessed.

Property Tax Rates Across Sherman, Grayson County, Texas

Source: Ownwell

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1.05%

1.71%

2.38%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Sherman Tax Rate

2.31%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Grayson County Tax Rate

2.09%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sherman, Grayson County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
75020N/AN/AN/AN/AN/A
75021N/AN/AN/AN/AN/A
75076N/AN/AN/AN/AN/A
750901.11%1.58%2.24%2.66%3.19%
75091N/AN/AN/AN/AN/A
750921.57%2.02%2.33%2.57%2.91%
75414N/AN/AN/AN/AN/A
75459N/AN/AN/AN/AN/A
76273N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Sherman, Grayson County, Texas

When examining property taxes in Sherman, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Grayson County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Grayson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Sherman.

For example, the median home price in Sherman is $176,472, with tax bills ranging significantly across the county. Zip code 75092 has the highest median home price at $229,540.

Property Tax Assessment Values Across Sherman, Grayson County, Texas

Source: Ownwell

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$73,388

$254,722

$436,055

Median Sherman Market Value

$176,472

Median Grayson County Market Value

$177,813

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sherman, Grayson County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75020N/AN/AN/AN/AN/A
75021N/AN/AN/AN/AN/A
75076N/AN/AN/AN/AN/A
75090$38,092$91,594$138,398$205,506$351,960
75091N/AN/AN/AN/AN/A
75092$81,184$151,025$229,540$310,787$423,120
75414N/AN/AN/AN/AN/A
75459N/AN/AN/AN/AN/A
76273N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Sherman, Grayson County, Texas

In Sherman, Grayson County, TX, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The tax rate is applied to this assessed value, resulting in the property tax bill. Several factors influence the tax bill, including the home's location, size, and any applicable exemptions. The median home price in Sherman is $176,472, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $2,413, while the 75th percentile reaches $6,177, and the 90th percentile climbs to $8,423. The highest median tax bill in the area is $5,237 in zip code 75092, while the lowest is $3,121 in zip code 75090. These figures highlight the impact property taxes can have on homeowners. Ownwell can assist homeowners by helping them appeal their property tax assessments, potentially lowering their tax obligations. By leveraging expertise in property tax laws and local market conditions, Ownwell aims to reduce tax burdens and save homeowners money.

Property Tax Bills Across Sherman, Grayson County, Texas

Source: Ownwell

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$1,392

$4,895

$8,397

Median Sherman Tax Bill

$4,040

Median Grayson County Tax Bill

$3,777

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Sherman, Grayson County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75020N/AN/AN/AN/AN/A
75021N/AN/AN/AN/AN/A
75076N/AN/AN/AN/AN/A
75090$941$1,891$3,121$4,640$6,747
75091N/AN/AN/AN/AN/A
75092$1,851$3,467$5,237$7,205$9,418
75414N/AN/AN/AN/AN/A
75459N/AN/AN/AN/AN/A
76273N/AN/AN/AN/AN/A

Source: Ownwell

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