Residential Tax Abatements

Economic Development

The City of Sherman is committed to an expansion of its tax base, an increase to its population, the promotion of development in the Residential Reinvestment Zone Area of the city and to an ongoing improvement in the quality of life for its citizens. As these objectives are generally served by the enhancement and expansion of the local economy, the City of Sherman will offer residential tax abatement as a stimulus for economic development in Sherman. The policy of the City of Sherman is to make residential tax abatement available to new structures and to the modernization of existing structures.