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Collin and Denton counties · TX

Cost of living in Prosper, TX

By Mariela Lovo Ol, REALTOR® · Updated

The cost of living in Prosper, TX is driven by housing, property taxes, HOA dues, insurance and time in the car. Texas has no state income tax, so local property taxes carry more weight. Here is what to budget for each line, using sourced figures only.

What does housing cost in Prosper?

Home prices move too often to print here, so the live market figures on this page come from the MLS feed. In Prosper, the monthly total depends heavily on HOA dues and any MUD or PID, not just the price. Compare options in Prosper homes for sale.

How much are property taxes in Prosper?

The Town of Prosper's rate is $0.505 per $100 of value for 2025-26. For the 2025 tax year, Collin County lists Collin County at $0.149343, Prosper ISD at $1.2141 and Collin College at $0.08122.

West Prosper is in Denton County, which adopted $0.183394 for 2026-27. See property taxes in Prosper for exemptions, the 10% cap and a worked example.

What should you budget for homeowners insurance?

North Texas spring storms can bring hail, high wind and tornado warnings, and Prosper runs 11 outdoor warning sirens. The Texas Department of Insurance notes that deductibles can differ by type of loss and that a roof paid at actual cash value pays less as it ages.

Ask for the hail deductible in dollars and whether the roof is covered at replacement cost. Most home policies do not cover flood, so ask about a separate policy.

Who provides utilities in Prosper?

Water, wastewater and trash come from the Town, with Republic Services collecting trash and recycling weekly. Artesia is the exception: its water and sewer come from the City of Celina.

Electricity depends on the address. The Town lists Oncor, CoServ Electric and Grayson-Collin Electric Cooperative. Retail choice applies only on Oncor lines, so co-op members buy power from the co-op. Natural gas comes from Atmos Energy or CoServ Gas.

What does getting around Prosper cost?

Plan on a car for almost every trip; there is no rail service, though eligible residents can book curb-to-curb rides through the Town's transit partners. The Dallas North Tollway is the main route south.

Get an NTTA TollTag. NTTA says drivers billed by mail through ZipCash pay twice as much. The Prosper EDC says DFW Airport and Love Field are both within about a 40-minute drive.

What are the sales and income tax rates in Prosper?

The Town lists a combined sales tax rate of 8.25%: 6.25% state, 1% town, 0.25% for a police-funding district, 0.25% for a fire and EMS district and 0.50% for economic development. Texas has no state personal income tax.

Run your full payment, including HOA dues, in the mortgage calculator, and read the Prosper community guide for daily life.

Common questions

Why are Prosper tax bills different on each side of town?

West Prosper is in Denton County and most of the rest is in Collin County, so the county rate differs. A small southwest corner is in Denton ISD instead of Prosper ISD. Special districts can add more.

What is Prosper's sales tax rate?

It is 8.25% combined, according to the Town's Finance Department. That is 6.25% for the state and 2% in local taxes. The local share funds the Town and three special purposes.

Can I pick my electricity provider in Prosper?

Only if the address is on Oncor's lines. Co-op members of CoServ or Grayson-Collin Electric Cooperative buy power directly from the co-op. Ask the seller which utility serves the home.

Sources

  1. QuickFacts: Prosper town, Texas, U.S. Census Bureau (read 2026-09-24)
  2. Prosper, Texas, Wikipedia (read 2026-09-24)
  3. 2025-2026 Current Tax Rates (PDF), Town of Prosper Finance Department (read 2026-09-24)
  4. Education, Prosper Economic Development Corporation (read 2026-09-24)
  5. Attendance Zones, Denton ISD (read 2026-09-24)
  6. Infrastructure & Map Room, Prosper Economic Development Corporation (read 2026-09-24)
  7. Dallas North Tollway (DNT), North Texas Tollway Authority (read 2026-09-24)
  8. Transit Service, Town of Prosper (read 2026-09-24)
  9. Utility Service, Town of Prosper (read 2026-09-24)
  10. Trash & Recycling, Town of Prosper (read 2026-09-24)
  11. Outdoor Warning System (OWS), Town of Prosper (read 2026-09-24)
  12. Parks & Trails, Town of Prosper (read 2026-09-24)
  13. Frontier Park, Town of Prosper (read 2026-09-24)
  14. Town Lake Park (Greenspoint), Town of Prosper (read 2026-09-24)
  15. Visit Downtown Prosper, Town of Prosper (read 2026-09-24)
  16. Cook Children's Medical Center at Prosper, Cook Children's (read 2026-09-24)
  17. Children's Health Specialty Center Prosper, Children's Health (read 2026-09-24)
  18. FAQ, Windsong Ranch (developer site) (read 2026-09-24)
  19. Location, Star Trail (developer site) (read 2026-09-24)
  20. FAQs, Light Farms (Republic Property Group) (read 2026-09-24)
  21. Prosper Independent School District, Wikipedia (read 2026-09-24)
  22. Construction Updates (Road Projects), Town of Prosper (read 2026-09-24)
  23. Utilities, Prosper Economic Development Corporation (read 2026-09-24)
  24. Windsong Ranch home page, Windsong Ranch (developer site) (read 2026-09-24)
  25. 2025 Tax Rates and Exemptions by Jurisdictions, Collin County Tax Assessor-Collector (read 2026-09-24)
  26. 2026-2027 Attendance Boundaries, Prosper ISD (read 2026-09-24)
  27. Property Tax Exemptions, Texas Comptroller of Public Accounts (read 2026-09-24)
  28. Property Tax Protests and Appeals, Texas Comptroller of Public Accounts (read 2026-09-24)
  29. Clear as MUD, Texas Real Estate Research Center at Texas A&M University (read 2026-09-24)
  30. Don't Piddle Around with PID Notices, Texas Real Estate Research Center at Texas A&M University (read 2026-09-24)
  31. NTTA home page (TollTag and ZipCash), North Texas Tollway Authority (read 2026-09-24)
  32. Choosing an Electric Plan, Public Utility Commission of Texas (read 2026-09-24)
  33. Home insurance guide, Texas Department of Insurance (read 2026-09-24)
  34. 5 Tips for Buying New Construction, Freddie Mac (read 2026-09-24)
  35. Contracts (promulgated forms), Texas Real Estate Commission (read 2026-09-24)
  36. Texas Public Schools (TXschools.gov), Texas Education Agency (read 2026-09-24)
  37. 2026 Statewide Multi-Year Ratings Spreadsheet, Texas Education Agency (read 2026-09-24)
  38. Why Texas, Office of the Texas Governor, Economic Development and Tourism (read 2026-09-24)
  39. Sales and Use Tax (state rate and local limit), Texas Comptroller of Public Accounts (read 2026-09-24)
  40. Valuing Property (10 percent residence homestead limitation), Texas Comptroller of Public Accounts (read 2026-09-24)
  41. Texas Property Code Section 202.022 – Swimming Pool Enclosures, Texas Property Code (via texas.public.law) (read 2026-09-24)
  42. Property Tax Basics, Texas Comptroller of Public Accounts (read 2026-09-24)
  43. Residential Pool/Spa Permit Submittal (rev. 04/2025), Town of Prosper Building Inspections (read 2026-09-24)
  44. Denton ISD lowers tax rate, saves median homeowners $345, Community Impact (read 2026-09-24)
  45. Denton County adopts budget with lower tax rate, Cross Timbers Gazette (read 2026-09-24)
  46. Student transfers, Denton ISD (read 2026-09-24)

Last reviewed: 2026-09-24. Descriptions cover places and amenities, not the people who live there. We are committed to the Fair Housing Act.