Property Taxes in Prescott, Washington
Median Prescott, Washington effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, and lower than the Washington state median of 0.92%.
Median Prescott, Washington home value: $112,220
Median annual Prescott, Washington tax bill: $905, lower than the national median property tax bill of $2,400.
How are property taxes in Walla Walla calculated?
Property taxes in Prescott, Washington 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 0.82% — based on actual property records in Walla Walla 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 0.82% in 99348 to 0.82% in 99348, 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, Walla Walla, Washington
Prescott's median effective property tax rate of 0.82% is lower than the Washington state median of 0.92% and lower than the national median of 1.02%. This rate reflects the Walla Walla County base levy combined with local school district levies and Local improvement districts (LIDs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Prescott. Homeowners in the 99348 ZIP code carry a median effective rate of 0.82%, while those in 99348 pay 0.82%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Walla Walla 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 before the July 1, 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, Walla Walla County, Washington
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 Washington and the median property tax rates in Washington 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
0.82%
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 Walla Walla County Tax Rate
0.89%
Median Effective Washington Tax Rate
0.92%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Prescott, Walla Walla County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99348 | 0.82% | 0.82% | 0.82% | 0.93% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Prescott, Walla Walla 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 Walla Walla County 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 Walla Walla County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 $112,220, with tax bills ranging significantly across the county. 99348 has the highest median home price at $112,220.
Property Tax Assessment Values Across Prescott, Walla Walla County, Washington
Source: Ownwell
$112,220
$233,100
$353,980
Median Prescott Market Value
$112,220
Median Walla Walla County Market Value
$340,770
Median Washington Market Value
$501,600
Median United States Market Value
$274,101
Property Tax Assessment Values Across Prescott, Walla Walla County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99348 | $10,601 | $25,415 | $112,220 | $216,800 | $314,166 |
Source: Ownwell
Property Tax Bills Across Prescott, Walla Walla County, Washington
Property tax bills in Prescott are based on the assessed value of a home and the local tax rates set by taxing authorities in Walla Walla County. When a property is valued, that assessment becomes the starting point for the bill, and the final amount depends on how much of that value is taxed and which local levies apply.
For homeowners, this means two homes with similar market values can still have different tax bills if they are in different taxing districts or receive different exemptions. The median home price is $112,220, which helps explain why tax bills can vary widely across the area.
In Prescott, the 25th percentile tax bill is $225, while the 75th percentile is $1,739 and the 90th percentile reaches $2,666. The median tax bill is $905 in ZIP code 99348, which is below the national median property tax bill of $2,400. That can make local property taxes more manageable, but changes in assessed value can still affect what homeowners pay each year.
Median Prescott Tax Bill
$905
Median Walla Walla County Tax Bill
$3,153
Median Washington Tax Bill
$4,512
Median United States Tax Bill
$3,209
Property Tax Bills Across Prescott, Walla Walla County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99348 | $98 | $225 | $905 | $1,739 | $2,666 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Walla Walla Tax Assessor | |
| Website | propertysearch.co.walla-walla.wa.us |