The City of Prescott Council announced on Apr. 22 that it will hold a public hearing regarding the proposed property tax levy for Fiscal Year 2027 at its meeting on June 23, with final consideration set for July 14.
This matter is important as the council has statutory authority to establish the primary property tax levy needed to meet operating expenses. The city is considering increasing its primary property tax by up to $141,148, or approximately 6.12% over last year’s levy, not including new construction. If approved, this would raise the total levy from $2,304,514 in fiscal year 2026 to $2,492,987 in fiscal year 2027 and result in an increase in tax rates from $0.2329 per $100 of assessed value to $0.2374 per $100 of assessed value.
The maximum proposed increase would mean that primary property taxes on a home valued at $100,000 would rise by $1.37—from $22.37 to $23.74—for the upcoming fiscal year.
The city operates under a council-manager government structure with an elected mayor and city council who appoint a city manager according to the official website. Prescott provides essential municipal services such as police and fire protection; water and wastewater management; waste collection; parks and recreation facilities; airport operations; and promotes economic growth and tourism according to the official website.
In addition to basic services, Prescott emphasizes historic preservation and supports community quality of life through tourism initiatives and public participation according to the official website. The city’s history includes serving as territorial capital according to the official website, while current community engagement efforts include programs like Citizen’s Academy and regular public meetings according to the official website.
The scheduled hearings will take place at 3:00 pm in City Council Chambers at 201 North Montezuma Street.
