Doing Business

Sherman, Texas is a city of 40,000 plus residents situated in north Texas, approximately 40 miles north and a part of the Dallas/Fort Worth metroplex. The city is located in Grayson County adjacent to Lake Texoma, a large recreational reservoir serving the region’s residents, businesses and attracting visitors from throughout the country. Sherman is the largest city within the tri-county area and a primary city for business, retail, government and  professional services for the Sherman-Denison metropolitan area (pop.122,000) and the entire Texoma region encompassing parts of Texas and Oklahoma.


Sherman has a long history of supporting major industry. The city is host to operations for global leaders Texas Instruments,  Tyson Foods, Inc., Emerson Process Management/Fisher Controls, Eaton, GlobiTech, Sunny Delight Beverages, CertainTeed Saint-Gobain, Modular Power Solutions, Progress Rail Services a Caterpillar Company, Kaiser Aluminum, Consolidated Container Company, ALPLA, ActiTech and many other companies.



Sherman, Texas is along the US 75 (Central Expressway) growth corridor and served by major east-west highway US 82.



Business Franchise Tax

Texas has a Business Franchise Tax of approximately 1%, for more information:

Texas Comptroller of Public Accounts

State Income Tax

Texas does not impose a personal income tax.

Property Tax

Real Estate Taxes (2014):

per $100 value

City of Sherman


Grayson County


Sherman Independent School District


Grayson College





Sales and Use Tax Rates


Inventory Tax Rates

The Freeport Tax Exemption has been adopted by the City of Sherman, Grayson County, Grayson College and Sherman ISD (Quadruple Freeport) that eliminates property tax on inventory for qualifying goods shipped within and outside of the state within 175 days.


Utility Rates

Electricity – Retail sales of electricity are deregulated allowing customers to contract for service and rates that meet their usage profile. A website has been established to assist customers (residential and commercial) to view providers and rates. For more information please view Also, there are firms that can assist with accessing the best rates for their needs.

Texas electric power infrastructure (lines, substations, etc.) remains regulated and is owned and managed by Oncor Electric Delivery in the Sherman area.


Average cost for industrial users:



Natural Gas – All natural gas requirements can be met. For more information, visit Atmos Energy or call 800-460-3030.


Average cost per MM BTU:

Approx. $3.64 per MCF


Water/Sewer – Sherman can meet your requirements through its available abundant water supply.

Water Rates

Monthly Base Charges (based on meter size):

5/8 or 3/4”



















Water Usage

Consumption Charges:

First 1,500 gallons

Included in min. charge

All over 1,500 gallons

$3.06 per 1,000 gallons


Sewer Rates Commercial



First 1,500 gallons

$7.68 minimum per month

All over 1,500 gallons

$3.27 per 1,000 gallons


Industrial Surcharge



BOD (1 unit BOD per 1,000 gallons)


TSS (1 unit TSS per 1,000 gallons)



For additional information, please visit the City of Sherman’s rates and fees page.

For commercial waste rates, please visit the City of Sherman’s solid waste and recycling page.

City & County Contacts

The City of Sherman and Grayson County have developer-friendly staff ready to serve you with your business needs.

Successful Deals

Sherman Economic Development Corporation is focused on providing excellent customer service to achieve strategic growth in the primary employment sector, specifically in companies with statewide, national and global markets. Sherman Economic Development Corporation stands ready to assist companies, commercial real estate professionals and site location consultants with up-to-date information about the market.

2016 Projects
2015 Projects
2014 Projects