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Collin and Denton counties · TX

Property taxes in Prosper, TX

By Mariela Lovo Ol, REALTOR® · Updated

Property taxes in Prosper, TX are the sum of several local rates, and they differ between the Collin County and Denton County sides of town. Texas has no state property tax and no state income tax. Here is how a Prosper bill is built and how exemptions lower it.

Which taxing units appear on a Prosper tax bill?

On the Collin County side, a typical bill includes the Town, Collin County, Prosper ISD and Collin College. For the 2025 tax year, Collin County lists Town of Prosper $0.505, Collin County $0.149343, Prosper ISD $1.2141 and Collin College $0.08122 per $100 of value.

On the Denton County side, Denton County adopted $0.183394 for 2026-27. Addresses in the southwest corner are in Denton ISD, which adopted $1.1528 for 2026-27. Other units set their 2026 rates in the fall.

What homestead exemptions can Prosper owners claim?

School districts must exempt $140,000 of a homestead's value, plus $60,000 more for owners 65 or older or disabled. The Town of Prosper exempts 17.5% of a homestead's value, at least $5,000, and $10,000 for owners 65 or older.

Collin County exempts 5%, at least $5,000, and Collin College exempts 20%, at least $5,000. File with the Collin Central Appraisal District, or Denton CAD for west Prosper, once the home is your principal residence.

How does the 10% homestead cap work?

After you qualify for a homestead exemption, the taxable appraised value generally cannot rise more than 10% a year, plus new improvements. The cap starts the year after you first qualify. New construction is often valued as a lot first, so expect a jump once the home is finished.

What could a Prosper tax bill look like?

This example uses a $600,000 homestead on the Collin County side, in Prosper ISD, with no MUD or PID and 2025 rates. Town: $495,000 taxable, about $2,500. County: $570,000 taxable, about $851. Prosper ISD: $460,000 taxable, about $5,585. Collin College: $480,000 taxable, about $390.

That totals about $9,326 for the year. Your bill will differ with value, county, district and special districts. Test your own numbers in the mortgage calculator.

How do you protest your appraised value?

The usual deadline is May 15 or 30 days after the appraisal district mails your notice, whichever is later. File online or on the Comptroller's protest form, and an Appraisal Review Board hears the case. Recent sales of similar homes are your strongest evidence.

How do MUDs and PIDs change the bill?

A MUD adds its own tax rate, and a PID adds an annual assessment for improvements. Light Farms, just north in Celina, has a MUD for water and drainage. The seller must give written notice before you sign on a home in a MUD or PID.

Special districts are most common in new communities. See new construction homes in Prosper and the full cost of living in Prosper.

Common questions

What is the Town of Prosper's property tax rate?

It is $0.505 per $100 of taxable value for fiscal year 2025-26. The county, school district and, in Collin County, Collin College add their own rates. Any MUD or PID is added on top.

Does Prosper have a homestead exemption?

Yes. The Town exempts 17.5% of a homestead's value, with a $5,000 minimum, according to Collin County's rate summary. School districts must exempt $140,000. File with the appraisal district for your county.

When is the protest deadline in Prosper?

It is May 15 or 30 days after your appraisal notice is mailed, whichever is later. Collin and Denton appraisal districts both accept protests. An Appraisal Review Board hears the case.

When are property taxes due?

Texas bills are generally due by January 31 of the following year. If your lender escrows taxes, it pays from that account. Escrow can rise after a new home is fully appraised.

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.