Prescott, Pierce County, Wisconsin Property Taxes

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

Median Prescott, WI effective property tax rate: 2.56%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Prescott, WI home value: $228,882
Median annual Prescott, WI tax bill: $5,249, $2,849 higher than the national median property tax bill of $2,400.

How are property taxes in Pierce County calculated?

Property taxes in Prescott, WI 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, Pierce County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.56%

Estimate Property Tax Bill

$5,859

$5,437

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 Pierce County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Prescott, Pierce County, Wisconsin

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variance occurs because each county annually estimates the budget required to provide essential services and divides it by the total assessed value of all taxable property within its boundaries. This process results in the property tax rate. Although votes and laws play a part in setting these rates and budgets, this is essentially how the yearly process unfolds. In Prescott, located in Pierce County, Wisconsin, the effective property tax rate is 2.56%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Prescott's rate to other cities in Wisconsin, it is evident that it stands at the higher end of the spectrum. Understanding these rates can provide valuable insights for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Prescott, Pierce County, Wisconsin

Source: Ownwell

1.67%

2.37%

3.06%

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

2.56%

Median Effective Pierce County Tax Rate

1.89%

Median Effective Wisconsin Tax Rate

1.58%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Prescott, Pierce County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
54021	1.39%	1.39%	2.56%	2.56%	2.56%

Source: Ownwell

Property Tax Assessment Values Across Prescott, Pierce County, Wisconsin

When examining property taxes in Prescott, WI, 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 Pierce 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.

In Pierce 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 $228,882, with tax bills ranging significantly across the county. The zip code 54021 has the highest median home price at $228,882.

Property Tax Assessment Values Across Prescott, Pierce County, Wisconsin

Source: Ownwell

$100,116

$182,328

$264,540

Median Prescott Market Value

$228,882

Median Pierce County Market Value

$217,809

Median Wisconsin Market Value

$200,300

Median United States Market Value

$235,294

Property Tax Assessment Values Across Prescott, Pierce County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
54021	$115,996	$170,366	$228,882	$386,398	$542,287

Source: Ownwell

Property Tax Bills Across Prescott, Pierce County, Wisconsin

In Prescott, located in Pierce County, WI, property tax bills are determined by assessing the value of a home and applying the local tax rate. With a median home price of $228,882, homeowners can anticipate tax bills that vary significantly. For instance, the 25th percentile tax bill stands at $4,128, while the 75th percentile reaches $6,777, and the 90th percentile climbs to $8,412. These figures are notably higher than the national median property tax bill of $2,400, reflecting the area's distinct tax landscape. The property tax rate in this region is influenced by various factors, including local government budgets and public service funding needs. High property taxes can place a significant financial burden on homeowners. However, Ownwell offers valuable assistance in appealing property tax assessments and securing exemptions, potentially reducing these costs. By leveraging expert knowledge and experience, Ownwell helps homeowners navigate the complexities of property taxation, ensuring they pay only their fair share and save money in the process.

Property Tax Bills Across Prescott, Pierce County, Wisconsin

Source: Ownwell

$2,831

$4,040

$5,249

Median Prescott Tax Bill

$5,249

Median Pierce County Tax Bill

$4,292

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Prescott, Pierce County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
54021	$2,706	$4,128	$5,249	$6,777	$8,412

Source: Ownwell