Property taxes prescott az The assessed value of a property is determined by the Yavapai County Assessor's Office, which takes into account factors such as the property's location, size, age, and condition. The assessed value is typically lower than the market value of the property. Property taxes in Prescott are calculated by multiplying the assessed value of the property by the tax rate. The tax rate is set by the Yavapai County Board of Supervisors and is based on the budgetary needs of the county, cities, schools, and other taxing entities. As of 2021, the primary property tax rate in Yavapai County is $4.5720 per $100 of assessed value. This rate is subject to change each year based on the budgetary needs of the county and other taxing entities. In addition to the primary property tax, property owners in Prescott may also be subject to other taxes and assessments, such as: * Secondary taxes: These are taxes levied by cities, towns, and special districts within Yavapai County. The tax rate and assessed value for secondary taxes are determined by the local government or special district. * Bond assessments: These are assessments levied to pay for the construction or improvement of public facilities, such as schools, parks, and roads. Bond assessments are typically added to the property tax bill and are paid over a period of several years. * Special assessments: These are assessments levied to pay for the maintenance or improvement of public infrastructure, such as streets, sewers, and water lines. Special assessments are typically added to the property tax bill and are paid over a period of several years. Mostly sunny with a high temperature of 80°F (27°C) and a low of 64°F (18°C). The chance of precipitation is 0%. Winds will be light, coming from the east at around 5 mph. * Surviving spouses: The surviving spouse of a property owner who was 65 years of age or older at the time of their death may be eligible for a property tax exemption of up to $3,500. As of 2021, the primary property tax rate in Yavapai County is $4.5720 per $100 of assessed value. This rate is subject to change each year based on the budgetary needs of the county and other taxing entities. In addition to the primary property tax, property owners in Prescott may also be subject to other taxes and assessments, such as: * Secondary taxes: These are taxes levied by cities, towns, and special districts within Yavapai County. The tax rate and assessed value for secondary taxes are determined by the local government or special district. * Bond assessments: These are assessments levied to pay for the construction or improvement of public facilities, such as schools, parks, and roads. Bond assessments are typically added to the property tax bill and are paid over a period of several years. * Special assessments: These are assessments levied to pay for the maintenance or improvement of public infrastructure, such as streets, sewers, and water lines. Special assessments are typically added to the property tax bill and are paid over a period of several years.