The Sherman Independent School District Board of Trustees approved the district’s 2025 certified appraisal roll and adopted a total tax rate of $1.2342 per $100 valuation — the same overall tax rate the board set for 2024 — during its regular meeting.

Chief Financial Officer Mandy (presenting the item) told trustees that Grayson County certified appraised values for 2025 were $13.5 billion, up from $10.4 billion in 2024, an increase she described as about 29.4 percent. "For the tax year 2025, Sherman ISD ... was set with an MCR of 0.6169," Mandy said, referring to the Texas Education Agency’s maximum compressed tax rate. The district’s maintenance-and-operations (M&O) rate was presented as 0.7552 and the interest-and-sinking (I&S) rate as 0.479, totaling 1.2342 per $100.

The board first voted to approve the 2025 certified appraisal roll and adopt the appraisal roll resolution. Trustee Brad moved the motion; Trustee David seconded. The motion carried on a voice vote with no oppositions recorded. The board then approved the resolution levying the tax rate: Trustee Paul moved to approve and Trustee Brad seconded; the motion carried on a voice vote with no oppositions recorded.

Why it matters: The certified appraisal roll affects how much revenue the district can raise under state rules. Mandy explained that part of the apparent M&O decline on the appraisal roll is tied to tax-limitation agreements (section 313 agreements) with some large industrial taxpayers and how the appraisal district reports values on M&O versus I&S rolls.

Key figures and clarifications offered at the meeting: Mandy said the district’s M&O adjusted taxable value totaled $6.1 billion and the I&S (freeze-adjusted) taxable value totaled $10.4 billion in the appraisal roll materials presented to the board. She also explained the timing lag on outcome-bonus and other state-revenue reporting and the mechanics by which TEA sets the MCR.

The board heard no public comment during the tax-rate public hearing and proceeded to the votes described above.