Prescott, Columbia County, Washington Property Taxes

Name: Property Tax Bills Across Prescott, Columbia County, Washington
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Prescott, WA effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the Washington state median of 0.88%. Median Prescott, WA home value: $215,645. Median annual Prescott, WA tax bill: $2,695, $295 higher than the national median property tax bill of $2,400. How are property taxes in Columbia calculated? Property taxes in Prescott, WA 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 March 1, 2025

Prescott, Columbia County, Washington Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.24%

Estimate Property Tax Bill

$2,674

$2,481

Ownwell’s Prescott Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Prescott with just two data points. By entering your property's estimated assessed value, our calculator applies Prescott’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Columbia County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Prescott, Columbia County, Washington

Local government entities in Columbia County set property tax rates, which can vary widely within Washington. Each year, the county estimates the budget needed to provide essential services and divides it by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Prescott, located in Columbia County, property owners experience an effective property tax rate of 1.24%. When compared to the national median property tax rate of 1.02%, Prescott’s rate is higher. This difference can impact homeowners' annual tax bills, making it essential for property owners to consider appealing their assessed values to potentially lower their tax burden. Additionally, Prescott’s median property tax bill may exceed the national median of $2,400, further emphasizing the importance of understanding local tax dynamics. By staying informed and seeking professional assistance, property owners in Prescott can navigate the complexities of property taxes and potentially achieve significant savings.

Property Tax Rates Across Prescott, Columbia County, Washington

Source: Ownwell

0.78%

1.06%

1.34%

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 Prescott Tax Rate

1.24%

Median Effective Columbia County Tax Rate

1.11%

Median Effective Washington Tax Rate

0.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Prescott, Columbia County, Washington

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
99348	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Prescott, Columbia County, Washington

When examining property taxes in Prescott, Washington, 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 Columbia County Appraisal District 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 Columbia County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April.

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. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Prescott.

For example, the median home price in Prescott is $215,645, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Prescott, Columbia County, Washington

Source: Ownwell

$29,450

$144,425

$259,400

Median Prescott Market Value

$215,645

Median Columbia County Market Value

$131,885

Median Washington Market Value

$482,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Prescott, Columbia County, Washington

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
99348	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Prescott, Columbia County, Washington

In Prescott, Columbia County, WA, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. With a median home price of $215,645, homeowners in Prescott face property tax bills that can vary significantly. For instance, the 25th percentile of tax bills is $1,406, which is below the national median property tax bill of $2,400. On the other hand, the 75th percentile rises to $3,805, and the 90th percentile reaches $4,529, indicating a wide range of tax burdens depending on property value and other local factors. These property taxes can represent a substantial financial obligation for homeowners. However, Ownwell offers assistance by identifying potential tax appeal opportunities and exemptions that can lead to significant savings. By leveraging expert knowledge and a thorough understanding of local tax codes, Ownwell helps homeowners potentially reduce their property tax bills, easing the financial burden and ensuring fair taxation.

Property Tax Bills Across Prescott, Columbia County, Washington

Source: Ownwell

$228

$1,800

$3,371

Median Prescott Tax Bill

$2,695

Median Columbia County Tax Bill

$1,310

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Prescott, Columbia County, Washington

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
99348	N/A	N/A	N/A	N/A	N/A

Source: Ownwell