Tax Rates
Please click here to view the Notice of Public Hearing on Tax Increase.
Please click here to view the 2024 Tax Rate Calculation Worksheet.
Property Tax Revenue for Fiscal Year Ending September 30, 2024
This budget will raise more revenue from total property taxes than last year's budget by an amount of $1,748,437 (15.3% increase). The property tax revenue to be raised from new property added to the tax roll this year is $953,097.
Property Tax Rates
2023 Tax Year
| Organization | Rate per $100 Valuation |
|---|---|
| City of Denison | 0.652034 |
| Denison Independent School District | 1.162500 |
| Grayson County | 0.305100 |
| Grayson College | 0.145991 |
| Total combined rate | 2.265625 |
Amount of Property Tax Revenue budgeted for Maintenance & Operations for the current year and previous two years
|
FY2024 |
FY2023 |
FY2022 |
|
$16,249,822 |
$14,128,764 |
$11,003,335 |
Tax & Valuations
- Property Tax is billed and collected by the Grayson County Tax Assessor-Collector. The main office is located at 100 W. Houston in Sherman, 903-892-8297. The Denison Office is located at the County Sub-Courthouse located at 101 W. Woodard in Denison, 903-465-2101.
- Property valuations are performed by the Grayson County Appraisal District, located at 205 N Travis Street in Sherman, 903-893-9673.
Sales Tax Rates
- Sales tax rate - 8.25%
| Sales Tax Rate Breakdown | |
|---|---|
| State | 6.25% |
| City | 1.5% |
| 4A (Economic Development) | 0.50% |
| Total Sales Tax Rate | 8.25% |
Lodging Tax Rates
- Hotel / motel tax rate - 7%
