Businesses in Sherman Benefit From Low Tax Rates
The state of Texas does not levy a corporate or personal income tax which translates into considerable savings for businesses and their employees.
Business Franchise Tax
Texas has a Business Franchise Tax of approximately 1%. For more information visit Texas Comptroller of Public Accounts.
State Income Tax
Texas does not impose a personal or corporate income tax.
Property Tax
| Real Estate Taxes: | per $100 value |
|---|---|
| City of Sherman | $0.469932 |
| Grayson County | $0.305100 |
| Sherman Independent School District | $1.421900 |
| Grayson College | $0.146704 |
| Total | $2.343636 |
Sales and Use Tax Rate
8.25%
Inventory Tax Rates
The Freeport Tax Exemption has been adopted by the City of Sherman, Grayson County, Grayson College, and Sherman ISD (Quadruple Freeport) that eliminates property tax on inventory for qualifying goods shipped within and outside of the state within 175 days.