Average Tax Assessment in Sherman County
Real Estate Values and Property Tax Valuation in Sherman County, Texas
Sherman County has a total of 1,045 properties with a cumulative value of $88.5M, representing 0.004% of all real estate value in Texas. Property taxes in Sherman County totaled $572.2K, with the average homeowner paying $551 in property taxes compared to the state average of $4,015. The average property tax rate in Sherman County is 0.65%, while the state average is 1.69%. Property values for tax purposes are determined by the local appraisal district.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated November 01, 2023
| Important Links | |
|---|---|
| Sherman Clerk | (806) 366-2371 |
| TexasFile Clerk Records | - |
| Sherman Assessor | (860) 355-0376 |
| Sherman Assessor | (308) 745-0113 |
| Important Dates | |
|---|---|
| Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - May |
| Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
| Property Tax Bills Issued: | October 1st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Sherman County
Residential Property Taxes by Cities in Sherman County
Sherman County has an average property tax rate of 0.65%, which is lower than the state average of 1.19%. This makes Sherman County an attractive option for homeowners looking to save on their property taxes. The city of Stratford has the highest effective property tax rate in the county at 0.65%, but this rate is still lower than the state average. This means that homeowners in Stratford can expect to pay less in property taxes than those in other cities in the county.
The property tax rates in Sherman County vary across the cities, with Stratford having the highest effective rate and other cities having lower rates. This means that homeowners in different cities can expect to pay different amounts in property taxes. However, the average property tax rate in Sherman County is still lower than the state average, making it an attractive option for homeowners looking to save on their property taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Sherman County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Stratford | $20,170 | $38,760 | $66,760 | $108,512 | $162,845 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Sherman County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Stratford | $125 | $243 | $422 | $713 | $1,093 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Stratford | 0.62% | 0.63% | 0.63% | 0.66% | 0.67% |
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Real Estate Values in Sherman County
Home prices in Sherman County, Texas have remained relatively stable from October 2022 to October 2023, with no change in median home price. However, the home inventory in the county has more than doubled from 3 in October 2022 to 7 in October 2023, indicating an increase in housing supply. This could lead to a decrease in home prices in the future.
Average Home Value in Sherman County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Sherman County
Last updated: November 2023
Percent Change in New Home Listings in Sherman County
Last updated: November 2023
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Mortgage Rates in Sherman County
There are currently no outstanding loans in Sherman County for home mortgages. This is likely due to the fact that the median home value in the county is relatively low. The median home value in Sherman County is $125,000, which is significantly lower than the national median home value of $231,000. This means that the total outstanding loan amount across home mortgages in Sherman County is zero.
The variation in mortgage rates across counties is also quite significant. The city with the highest median mortgage rate is currently unknown, while the city with the lowest median mortgage rate is also unknown. This means that the median mortgage rate in Sherman County is also unknown. However, it is likely that the mortgage rates in Sherman County are lower than the national average, due to the lower median home value in the county.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Sherman County by city.
We currently do not have this data but we are working to add this soon.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Sherman County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Sherman County, Texas
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