Sherman, TX Property Tax Rates
Compare property tax rates across 2 ZIP codes in Sherman, Texas.
Avg Tax Rate
1.40%
Avg Annual Tax
$3,053
Avg Home Value
$211,800
ZIP Codes
2
Property Tax Overview: Sherman, TX
Sherman has 2 ZIP codes with property tax data. The average effective tax rate across these ZIPs is 1.40%, which is 3% above the Texas average of 1.35%. Annual property taxes range from $1,989 (ZIP 75090) to $4,116 (ZIP 75092).
For a home at Sherman's median value of $211,800, property taxes add approximately $247/month to housing costs. Sherman home values are close to the Texas median of $231,329.
Property tax rates within Sherman vary by 0.37 percentage points across its ZIP codes. This variation typically reflects different school district boundaries, special assessment zones, and municipal service areas within the city.
Sherman vs Texas Average
Effective Tax Rate
3% above state average
Annual Property Tax
Median Home Value
Frequently Asked Questions
What is the average property tax rate in Sherman, TX?
The average effective property tax rate in Sherman, Texas is 1.40%, based on 2 ZIP codes.
How much is property tax in Sherman, TX?
The average median annual property tax in Sherman is $3,053 per year, with a median home value of $211,800.
Which ZIP code in Sherman has the lowest property tax rate?
ZIP code 75090 has the lowest effective tax rate in Sherman at 1.22%, with a median annual tax of $1,989.
How many ZIP codes are in Sherman, TX?
Sherman, Texas has 2 ZIP codes with property tax data available.
Which ZIP code in Sherman has the highest property tax rate?
ZIP code 75092 has the highest effective tax rate in Sherman at 1.58%, with a median annual tax of $4,116.
How do Sherman property taxes compare to the Texas average?
Sherman's average effective rate of 1.40% is 3% above the Texas state average of 1.35%.
What factors affect property tax rates between ZIP codes in Sherman?
Property tax rate differences within Sherman are typically driven by school district boundaries (which can account for 40–60% of a tax bill), special assessment zones for fire, water, or transit services, and whether a ZIP falls within city limits or an unincorporated area. Each taxing jurisdiction sets its own rate, which is why adjacent ZIP codes can have noticeably different effective rates.
Tips for Sherman Homeowners
- •Appeal your assessment: If your home is assessed higher than its market value, you can file a property tax appeal. Studies suggest 30–60% of properties are over-assessed. Most counties offer a free informal review process.
- •Check your exemptions: Homestead exemptions can reduce your taxable value and are available to primary residents in most states. Senior, veteran, and disability exemptions may also apply. Exemptions must typically be applied for — they are not automatic.
- •Know your assessment cycle: Texas reassesses properties periodically. After buying a home, your next tax bill may reflect a new assessment based on your purchase price. Budget accordingly, especially if you bought above prior assessed values.
- •Compare ZIP codes before buying: Even within Sherman, effective tax rates can vary significantly across ZIP codes due to different school district overlays. Use PropertyTaxByZip to compare specific ZIPs before choosing a neighborhood.
Looking for county-level property tax data? View Grayson County on TaxByCounty.com
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.