Texhoma, Sherman County, Texas Property Taxes
Median TEXHOMA, TX effective property tax rate: 0.50%, significantly lower than the national median of 1.02%, but lower than the TX state median of 1.67%.
Median TEXHOMA, TX home value: $69,870
Median annual TEXHOMA, TX tax bill: $323, $2,077 lower than the national median property tax bill of $2,400.
How are property taxes in Sherman County calculated?
Property taxes in TEXHOMA, 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 TEXHOMA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in TEXHOMA, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Texhoma, Sherman County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.5%
Estimate Property Tax Bill
$349
$324
Property Tax Rates Across Texhoma, Sherman County, Texas
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 Texhoma Tax Rate
0.50%
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 County Tax Rate
0.41%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Texhoma, Sherman County, Texas
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
73960 | 0.37% | 0.45% | 0.50% | 0.51% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Texhoma, Sherman County, Texas
When examining property taxes in Texhoma, 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 Sherman 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.
In Sherman 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 Texhoma. For example, the median home price in Texhoma is $69,870, with tax bills ranging significantly across the county. Zip code 73960 has the highest median home price at $69,870.
Property Tax Assessment Values Across Texhoma, Sherman County, Texas
Source: Ownwell

$69,870
$88,785
$107,700
Median Texhoma Market Value
$69,870
Median Sherman County Market Value
$101,340
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Texhoma, Sherman County, Texas
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
73960 | $16,264 | $36,270 | $69,870 | $112,885 | $196,284 |
Source: Ownwell
Property Tax Bills Across Texhoma, Sherman County, Texas
In Texhoma, Sherman County, TX, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $69,870, homeowners in Texhoma face a median property tax bill of $323, which is significantly lower than the national median of $2,400. Factors such as property size, location, and market trends can influence the assessed value, thereby impacting the tax bill. For homeowners, this means that any increase in property value can lead to a higher tax bill, potentially straining their finances.
Ownwell assists homeowners by providing property tax appeal and exemption services, which can help reduce their tax burden. By reviewing property assessments and identifying discrepancies or overvaluations, Ownwell can file appeals on behalf of homeowners, potentially lowering their tax bills and offering significant savings. This proactive approach ensures that homeowners only pay their fair share, aligning their tax obligations more closely with their property’s true value.
Median Texhoma Tax Bill
$323
Median Sherman County Tax Bill
$384
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Texhoma, Sherman County, Texas
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
73960 | $77 | $145 | $323 | $520 | $911 |
Source: Ownwell