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$0.50800
Grayson County$0.30510
Sherman Independent School District$1.26350
Grayson College$0.145991
Total$2.222591

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.