FY 2026-2027 Annual Budget and Tax Rate
Summary
Prosper is looking at a $140 million operational budget that keeps the property tax rate flat at 50.5 cents while boosting pay for police and firefighters and adding no new general fund staff.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 8, 2026.
Impact analysis
Property owners will see an average annual town tax bill increase of about $115 due to rising taxable homestead values.
Town employees and public safety personnel benefit from compensation adjustments, while residents benefit from maintained service levels without a tax rate hike.
Residents facing increased utility costs and property tax valuations.
Mentions & discussions (4)
Town Council Regular Meeting — September 8, 2026
The town approved a $139 million operating budget and kept the tax rate steady at $0.505 per $100 valuation, while freezing general fund hiring to focus on existing operations and public safety compensation.
Town Council Special Meeting — August 10, 2026
Prosper is looking at a $140 million operational budget that keeps the property tax rate flat at 50.5 cents while boosting pay for police and firefighters and adding no new general fund staff.
Town Council Regular Meeting — January 13, 2026
The town is moving to a new five-year contract with Collin County to stabilize costs for animal shelter services, while also looking for more cost-effective options for animal control.
Prosper, Texas Adopts $102.6 Million Budget, Lowers Property Tax Rate
Prosper, Texas Adopts $102.6 Million Budget, Lowers Property Tax Rate Local Profile
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