The City of Prospect will hold a public hearing per KRS 132.027 for setting its 2025 real property tax rate. The hearing will be held on June 16, 2025, at 6:30 p.m. at 9200 US Hwy 42, Prospect, KY. The 2024 tax rate of $0.174 per $100 of assessed valuation, produced $1,889,723. The compensating tax rate for 2025, the rate that would produce the same revenue as 2024, is $0.176 per $100 of assessed valuation. The 2025 proposed tax rate is $0.183 cents per $100 assessed valuation and would produce $2,003,740. The City of Prospect proposes to exceed the compensating tax rate with the expected revenue spent on police protection and general government expenses.
We are a community that values small-town charm, rich history, and natural beauty, all while striving for a bright future.
Located along the scenic Ohio River, Prospect is a place where neighbors know each other, families thrive, and visitors are always welcome. Our goal is to foster a vibrant, safe, and engaging environment for everyone who calls Prospect home.
With our commitment to community well-being, Prospect offers numerous opportunities for residents to connect and enjoy local events, scenic parks, and neighborhood programs.