Sherman, Texas — Tax Burden
What is the tax burden in Sherman, Texas?
Sherman, Texas has a total tax burden of 7.14%, ranking #5618 nationally. Property tax rate: 1.30%, state income tax: 0.000%, sales tax: 8.20%. Median household income is $58,020.
Source: US Census ACS, 2022
Ranked #5618 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
7.14%
Rank: 5618th nationally
Property Tax Rate
1.30%
Rank: 2380th nationally
Income Tax Rate
0.000%
Texas state rate
Sales Tax Rate
8.20%
State + local combined
Tax Burden Breakdown
Property (62%)Income (0%)Sales (38%)
Median Income: $58,020
Median Home Value: $197,400
Median Property Tax: $2,573/yr
Population: 44,052