Tax Rates
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%
