Property Tax & Income in Sherman County, Texas
Sherman County has an effective property tax rate of 1.72%. On the median home value of $146,900, that's roughly $2,531 per year. Median household income is $61,250.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | Sherman County | Texas (state context) |
|---|---|---|
| Effective property tax rate1 | 1.72% | 1.18% |
| Median home value1 | $146,900 | — |
| State income tax3 | No state income tax | No state income tax |
| State sales tax3 | 8.20% combined | 8.20% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About Sherman County, TX
In Sherman County, Texas, buying a home costs far less than the national picture, with a median value of $146,900. That lower price tag comes alongside a property tax rate of 1.723%, which sits above Texas's statewide median of 1.183% and ranks 12th among the state's 250 counties. The result is a median annual real-estate tax bill of $2,531 — higher than what the national median rate of 0.794% would produce on a similarly priced home, but still tied to a modest overall housing cost. Households here bring in a median income of $61,250, while per-capita income reaches $42,621. For anyone weighing a move to Texhoma or elsewhere in the county, the trade-off is clear: cheap homes paired with a steeper tax rate than much of Texas.