Due dates, payment options, and what Prospect residents need to know to avoid late fees
Overview
Prospect's current mill rate is 25.57 mills for the 2024 Grand List (FY 2025–2026). Real estate and personal property taxes over $100 are payable in two installments, with a four-installment option available for qualifying real estate. The town sends reminder notices for unpaid second installments in January, but you should not rely on receiving one.
Important: Prospect does not mail a separate second-installment bill. Your July bill includes payment stubs for both installments. The town sends reminder notices the third week of January for unpaid second installments, but failure to receive one does not excuse late payment. Missing the deadline triggers 1.5% monthly interest.
Mill Rate & What You'll Pay
Current mill rate: 25.57 mills (2024 Grand List / FY 2025–2026)
The mill rate represents $25.57 in tax per $1,000 of assessed value. A home assessed at $200,000 would owe approximately $5,114 per year, or about $2,557 per installment.
Due Dates & Grace Periods
Standard two-installment schedule (RE/PP over $100):
Four-installment option (qualified real estate):
Tax bills of $100 or less are due in a single payment on July 1.
How to Pay
Online
Pay at mytaxbill.org. Fees:
- Returned online payment: $15.00
By Mail
Mail payments to: Tax Collector, Town of Prospect, 36 Center Street, Prospect, CT 06712.
In Person
Visit the Tax Collector's office at 36 Center Street, Prospect, CT 06712. Cash accepted. Combined checks accepted for multiple tax types.
Bank Bill Pay
Bank bill pay services are accepted.
DMV Release Note: Same-day DMV release requires cash payment and a $5.00 fee per registrant.
Late Payments & Interest
Interest is charged at 1.5% per month (18% annually) from the due date of the bill, with a minimum charge of $2.00 per account. Interest cannot be waived per Connecticut statute. Returned checks: $20.00 fee.
Tax Relief & Exemption Programs
- Senior Relief: Age 65 or older, permanent resident, own home or rent, must meet income restrictions. Filing period: February 1–May 15 annually.
- Veterans' Exemptions: Available for qualifying veterans.
- Other Exemptions: Blind, totally disabled, farmers/merchants, forest/farm/open space designations.
Contact the Tax Collector's office for details and applications.
Tips & Resources
- Prospect Tax FAQ
- Online payment portal (mytaxbill.org)
- Phone: (203) 758-4461
- Fax: (203) 758-4466
- Address: 36 Center Street, Prospect, CT 06712
- Office hours: Monday–Friday, 8:30 a.m.–4:00 p.m. (no lunch closure)
- Set a calendar reminder for December to pay your January installment
Frequently Asked Questions
Q: When is my property tax due?
The first installment is due July 1, payable without penalty through August 1. The second installment is due January 1, payable without penalty through February 2. A four-installment option is also available.
Q: Will I get a bill for my second installment?
No separate bill is mailed. Your July bill includes payment stubs for both installments. Reminder notices are mailed the third week of January, but do not rely on them.
Q: Can I pay my full year's taxes at once?
Yes. You can pay the full annual amount with your first installment in July.
Q: What is the interest rate if I pay late?
Interest is 1.5% per month (18% annually) from the due date, with a $2.00 minimum per account.
This guide is for informational purposes only and does not constitute tax or legal advice. Consult a tax professional or your town assessor for guidance specific to your situation.
Know something we missed? Email tips@thequinnipiacpost.com to help us keep this guide up to date.
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