Property Taxes in Prescott, Arizona
Median Prescott, Arizona effective property tax rate: 0.34%, significantly lower than the national median of 1.02%, and lower than the Arizona state median of 0.51%.
Median Prescott, Arizona home value: $475,353
Median annual Prescott, Arizona tax bill: $1,637, lower than the national median property tax bill of $2,400.
How are property taxes in Yavapai calculated?
Property taxes in Prescott, Arizona are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Prescott's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Prescott, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Prescott Property Tax Calculator Work?
Use this Prescott property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Prescott's median effective tax rate of 0.34% — based on actual property records in Yavapai County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Prescott's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Prescott: rates range from $1,319 in 86301 to $2,250 in 86305, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Prescott.
About Prescott Property Taxes
About Property Taxes in Prescott, Yavapai, Arizona
Prescott's median effective property tax rate of 0.34% is lower than the Arizona state median of 0.51% and lower than the national median of 1.02%. This rate reflects the Yavapai County base levy combined with local school district levies and Community facilities districts (CFDs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Prescott. Homeowners in the 86305 ZIP code carry a median effective rate tied to a higher median home price of $593,206, while those in 86301 have a lower median tax bill of $1,319. This spread reflects how school district boundaries and local assessment districts are drawn across Yavapai County. Understanding which part of Prescott you live in can make a meaningful difference to your annual tax bill.
Prescott homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor after the notice date in February and before the April 28, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Prescott, Yavapai County, Arizona
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Prescott's effective property tax rate to other cities in Arizona and the median property tax rates in Arizona and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Prescott Tax Rate
0.34%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Yavapai County Tax Rate
0.46%
Median Effective Arizona Tax Rate
0.51%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Prescott, Yavapai County, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86301 | 0.26% | 0.30% | 0.33% | 0.37% | 0.42% |
| 86303 | 0.23% | 0.29% | 0.33% | 0.43% | 0.52% |
| 86305 | 0.28% | 0.31% | 0.39% | 0.50% | 0.59% |
| 86332 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Prescott, Yavapai County, Arizona
When examining property taxes in Prescott, Arizona, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Yavapai County assessor estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Yavapai County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. The median home price in Prescott is $475,353, and tax bills range from $1,056 at the 25th percentile to $3,792 at the 90th percentile.
For comparison, Prescott's median property tax bill is $1,637, below the national median property tax bill of $2,400 and paired with a local tax rate environment that can vary widely across the county.
Property Tax Assessment Values Across Prescott, Yavapai County, Arizona
Source: Ownwell
$84,628
$384,063
$683,498
Median Prescott Market Value
$475,353
Median Yavapai County Market Value
$363,523
Median Arizona Market Value
$327,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Prescott, Yavapai County, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86301 | $156,146 | $276,030 | $400,211 | $612,365 | $791,210 |
| 86303 | $235,784 | $334,062 | $466,188 | $685,702 | $934,617 |
| 86305 | $273,882 | $412,950 | $593,206 | $842,359 | $1,113,516 |
| 86332 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Prescott, Yavapai County, Arizona
Property tax bills in Prescott are calculated by applying local tax rates to the assessed value of a home, which is based on its market value. The assessed value is then used to determine how much tax a homeowner owes to local governments and school districts. Factors such as the home’s value, location, and any applicable exemptions can all affect the final bill.
With a median home price of $475,353, property taxes can vary widely across the city. The 25th percentile tax bill is $1,056, while the 75th percentile reaches $2,468. For higher-valued properties, the 90th percentile tax bill climbs to $3,792. Homeowners in ZIP code 86305 face the highest median tax bill at $2,250, compared with $1,319 in ZIP code 86301.
These differences show how property taxes can significantly affect monthly housing costs and long-term affordability for Prescott homeowners.
Median Prescott Tax Bill
$1,637
Median Yavapai County Tax Bill
$1,568
Median Arizona Tax Bill
$1,695
Median United States Tax Bill
$3,209
Property Tax Bills Across Prescott, Yavapai County, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86301 | $516 | $842 | $1,319 | $1,901 | $2,492 |
| 86303 | $684 | $1,087 | $1,602 | $2,339 | $3,395 |
| 86305 | $846 | $1,375 | $2,250 | $3,599 | $5,164 |
| 86332 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 14 |
Links | |
|---|---|
| Yavapai Tax Assessor | |
| Website | gis.yavapaiaz.gov |