Texhoma, Sherman County, Texas Property Taxes
Property Taxes in Texhoma, Texas
Median Texhoma, Texas effective property tax rate: 1.36%, significantly lower than the national median of 1.02%, and lower than the Texas state median of 1.48%.
Median Texhoma, Texas home value: $70,270
Median annual Texhoma, Texas tax bill: $933, lower than the national median property tax bill of $2,400.
How are property taxes in Sherman calculated?
Property taxes in Texhoma, Texas are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Texhoma's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Texhoma, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Texhoma, Sherman County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.36%
Estimate Property Tax Bill
$956
$887
How Does the Texhoma Property Tax Calculator Work?
Use this Texhoma property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Texhoma's median effective tax rate of 1.36% — based on actual property records in Sherman County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Texhoma's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Texhoma: rates are 1.36% in 73960, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Texhoma.
About Texhoma Property Taxes
About Property Taxes in Texhoma, Sherman, Texas
Texhoma’s median effective property tax rate of 1.36% is lower than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Sherman County base levy combined with local school district levies and Municipal Utility Districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Texhoma. Homeowners in the 73960 ZIP code carry a median effective rate of 1.36%, while those in the same ZIP code also pay 1.36%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Sherman County. Understanding which part of Texhoma you live in can make a meaningful difference to your annual tax bill.
Texhoma homeowners who believe their assessed value is too high can file a formal appeal with the local Appraisal District before the May 15, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Texhoma, Sherman County, Texas
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Texhoma's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Texhoma Tax Rate
1.36%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Sherman County Tax Rate
2.10%
Median Effective Texas Tax Rate
1.48%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Texhoma, Sherman County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73960 | 0.89% | 1.30% | 1.36% | 1.41% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Texhoma, Sherman County, Texas
When examining property taxes in Texhoma, Texas, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Sherman County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Sherman County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of May.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Texhoma.
For example, the median home price in Texhoma is $70,270, with tax bills ranging significantly across the county. 73960 has the highest median home price at $70,270.
Property Tax Assessment Values Across Texhoma, Sherman County, Texas
Source: Ownwell
$70,270
$90,735
$111,200
Median Texhoma Market Value
$70,270
Median Sherman County Market Value
$103,520
Median Texas Market Value
$258,851
Median United States Market Value
$235,294
Property Tax Assessment Values Across Texhoma, Sherman County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73960 | $18,752 | $36,512 | $70,270 | $115,928 | $196,652 |
Source: Ownwell
Property Tax Bills Across Texhoma, Sherman County, Texas
Property tax bills in Texhoma are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. That means the final bill depends on both the value of the home and the tax rates set by local taxing authorities. For homeowners, this can create meaningful differences from one property to another, even within the same area.
With a median home price of $70,270, property taxes in Texhoma are generally below the national median property tax bill of $2,400. The median tax bill in the area is $933, and bills can vary widely, with the 25th percentile at $390 and the 75th percentile at $1,541. The 90th percentile reaches $2,519, showing how higher-valued homes or different tax rates can raise the amount owed.
Because property taxes are tied to assessed value, homeowners should expect their bills to change when home values or local rates change.
Median Texhoma Tax Bill
$933
Median Sherman County Tax Bill
$1,997
Median Texas Tax Bill
$3,441
Median United States Tax Bill
$2,400
Property Tax Bills Across Texhoma, Sherman County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73960 | $169 | $390 | $933 | $1,541 | $2,519 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
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| Appeal Deadline | May 15 |
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