Taxes

The Town of Prosper property tax rate is $0.52 per $100 taxable value. Of this amount, $0.1525 is applied to Debt Service, and $0.3675 is applied to Maintenance and Operations.

The sales tax total combined tax rate in Prosper is 8.25% and is comprised of the following segments:  

• 6.25% State sales tax rate  
• 1.00% Prosper city sales tax rate  
• 0.25% Prosper Crime Control and Prevention District  
• 0.25% Prosper Fire Control, Prevention, and Emergency Medical Services District  
• 0.50% Prosper Economic Development Corporation 
• 8.25% Combined sales tax rate

The Town of Prosper hotel occupancy tax rate is 7% of the price paid for a room. Receipts from the tax may only be used to promote tourism and the convention and hotel industry. Currently, Prosper has no hotels.

Source: Town of Prosper Finance Department, October 2020