Area residents can expect a more than 7 cents decrease The Sherman Independent School District is reducing its property tax rate for the second year in a row. Members of the SISD Board of Trustees approved a $1.4697 property tax rate for each $100 of assessed value for the 2020-2021 fiscal year. By comparison, the rate was $1.5473 for the previous fiscal year. District officials attribute the drop to a combination of state-imposed rate compression and increasing development in Sherman. "Our values are up about 10 percent primarily due to new growth in Sherman, just as they were the previous year," said Tyson Bennett, SISD assistant superintendent of finance and operations...
