Due to high-tech industry growth, Sherman ISD can use the existing tax rate to fund the bond projects with no tax rate increase.

• Sherman ISD’s overall tax rate in 2022-23 is $1.4219 per $100 valuation. This is the district’s lowest tax rate in 15 years and has now decreased annually for the fourth year in a row

• Sherman ISD has lowered its total tax rate by 23 cents over the last four years, even with the construction of a new 500,000-square-foot, state-of-the-art high school during that period

• By aggressively paying down debt over the last 11 years, Sherman ISD has saved taxpayers nearly $56 million in interest

• Due to continued growth and an expanding tax base, Sherman ISD can use the existing tax rate to fund bond projects and taxpayers will see no tax rate increase as a result of Bond 2023