Laserfiche WebLink
5/14/2014 <br /> Property Tax <br /> ❑ There are significant state limitations on the amount of property <br /> tax the City is allowed to assess <br /> ❑ The City of Prescott assesses two types of property tax <br /> • Primary, used for general governmental operations, including public <br /> safety <br /> • Secondary, which pays debt service on voter-approved debt (each <br /> issue has a specified end date); the City's current secondary <br /> property tax pertains to the recreational development improvements <br /> at Watson and Willow Lakes <br /> ❑ Property owners surrounding Prescott do not pay any City <br /> property tax (primary or secondary) but for fire protection are <br /> subject to Central Yavapai Fire District (CYFD) tax <br /> 21 <br /> Property Tax Rates <br /> City of Prescott Compared to CYFD <br /> 3.0 <br /> $525.96 <br /> 2.5 $489.78- <br /> $415.86 <br /> 2.0 <br /> $375A8 <br /> =Prescott Secondary <br /> =Prescott Primary <br /> 1.5 <br /> CYFD <br /> Amount of tax on$200,000 home <br /> 1.0 <br /> $88.66 $96.64 <br /> 0.5 . $73.94 -$7660 $67.04 $65.38 <br /> 0.0 111 <br /> ■ <br /> FY10 FY11 FY12 FY13 FY14 FY15 <br /> 22 <br /> 11 <br />