Truth in Taxation Hearing Notice
As part of its FY 2017 Budget process, the City is considering an increase in the primary property tax. The Truth in Taxation Notice of Public Hearing is provided below in its entirety:
"In compliance with Section 42-17107, Arizona Revised Statutes, the City of Prescott is notifying its property taxpayers of the City of Prescott's intention to raise its primary property taxes over last year's level. The City of Prescott is proposing an increase in primary property taxes of $66,187 or 4.09%.
The proposed tax increase will cause the City of Prescott's primary property taxes on a $100,000 home to increase from $28.37 to $29.53.
This proposed increase is exclusive of increased primary property taxes received from new construction. The increase is also exclusive of any changes that may occur from property tax levies for voter approved bonded indebtedness or budget and tax overrides.
All interested citizens are invited to attend the public hearing on the tax increase that is scheduled to be held on Tuesday, June 21, 2016, at 5:30 p.m. in the City Hall Council Chambers at 201 South Cortez, Prescott, Arizona."
Detailed information about the budget process, including the FY 17 Proposed Budget, is available here.