THE CITY OF PRESCOTT IS CONSIDERING AN ALMOST 15% INCREASE IN THE PRIMARY PROPERTY TAX IN THE NEXT FISCAL YEAR. A PUBLIC HEARING ON THE TAX INCREASE WILL BE HELD ON TUESDAY, JUNE 27TH, AT 3:00 P.M. AT CITY HALL COUNCIL CHAMBERS.

AS PART OF ITS FISCAL YEAR 2024 BUDGET PROCESS, THE CITY OF PRESCOTT IS NOTIFYING ITS PROPERTY TAXPAYERS OF THEIR INTENTION TO RAISE ITS PRIMARY PROPERTY TAXES OVER LAST YEAR’S LEVEL. THE CITY IS PROPOSING AN INCREASE IN PRIMARY PROPERTY TAXES OF $283,069, OR 14.86%.  

FOR EXAMPLE, THE PROPOSED TAX INCREASE WILL CAUSE THE CITY OF PRESCOTT’S PRIMARY PROPERTY TAXES ON A $100,000 HOME TO INCREASE FROM $21.94 TO $25.20.

THIS PROPOSED INCREASE IS EXCLUSIVE OF INCREASED PRIMARY PROPERTY TAXES RECEIVED FROM NEW CONSTRUCTION.

THE INCREASE IS ALSO EXCLUSIVE OF ANY CHANGES THAT MAY OCCUR FROM PROPERTY TAX LEVIES FOR VOTER APPROVED BONDED INDEBTEDNESS OR BUDGET AND TAX OVERRIDES.  

ALL INTERESTED CITIZENS ARE INVITED TO ATTEND A PUBLIC HEARING ON THE TAX INCREASE TO BE HELD ON TUESDAY, JUNE 27TH, AT 3:00 P.M. AT CITY HALL COUNCIL CHAMBERS, 201 NORTH MONTEZUMA STREET IN PRESCOTT.