Your real estate tax bill is distributed to the
State of WI, Pierce County, the City of Prescott, the Prescott
School District and Chippewa Valley Technical College.
The City's portion is comprised of Capital Projects,
Library, Debt Service, Freedom Park, Fire & Emergency Medical
Services and the General Fund which includes Police, Public
Works, Administration and Parks. In 2010, the City of
Prescott levied $2,043,350. Below are graphs showing the
breakdown of how the City's portion was used and how your tax bill
was distributed to each jurisdiction.
Mill Rates:
The mill rate for the City of Prescott is set by the end of
November each year. Mill rates are paid per $1,000 of
property value. The following is a history of mill rates for
properties within the City of Prescott:
|
Tax Year
|
City of
Prescott
|
State of
Wisconsin
|
Pierce County
|
Prescott School
District
|
Chippewa Valley Tech.
College
|
Gross Tax Rate
|
State Credits
|
Net Tax Rate
|
|
2011
|
7.48
|
.17
|
5.35
|
10.91
|
1.70
|
25.61
|
-1.64
|
23.97
|
|
2010
|
7.48
|
.17
|
5.05
|
10.34
|
1.71
|
24.75
|
-1.75
|
23.00
|
|
2009
|
7.89
|
.18
|
5.14
|
11.08
|
1.80
|
26.10
|
-1.88
|
24.23
|
|
2008
|
7.80
|
.22
|
5.50
|
11.25
|
2.01
|
26.78
|
-1.88
|
24.90
|
|
2007
|
7.72
|
.22
|
5.73
|
11.48
|
2.07
|
27.22
|
-1.71
|
25.51
|
|
2006
|
7.55
|
.23
|
5.28
|
10.54
|
2.07
|
25.67
|
-1.49
|
24.18
|
Gross Tax Levy for Each Taxing Entity
Real and personal property taxes are levied in
November by the City Council in conjunction with the adoption of
the annual budget for the ensuing fiscal year beginning January 1.
Levies are based on assessed property values certified on January 1
of the prior year and become a lien on the property at the
beginning of the fiscal year. Real estate taxes may be paid in full
January 31 or in two installments. The first half is due on or
before January 31, and the second half is due on or before July 31.
The following tables include:
-
Gross Tax Levy for Each Taxing Entity in the
City of Prescott (2008-2011)
-
Tax Rate per $1,000 of Assessed Value for
Pierce County, Prescott School District, and Chippewa Valley
Technical College
-
Assessed Value Compared to Equalized Value in
the City ofPrescott
|
Gross Tax
Levy
|
2008
|
2009
|
2010
|
2011
|
|
City of Prescott
|
$1,984,346
|
$2,023,888
|
$2,063,990
|
$2,043,350
|
|
Pierce County
|
$1,472,059
|
$1,428,043
|
$1,343,459
|
$1,379,311
|
|
Prescott School Dist.
|
$2,949,722
|
$2,919,388
|
$2,897,974
|
$2,823,250
|
|
Chippewa Valley Tech.
|
$530,882
|
$522,295
|
$471,401
|
$467,680
|
|
State of Wisconsin
|
$60,829
|
$60,260
|
$51,520
|
$48,027
|
|
TIF Districts
|
$438,691
|
$521,624
|
$478,275
|
$418,083
|
|
Gross Tax Levy
|
$7,436,529
|
$7,475,498
|
$7,306,619
|
$7,179,700
|
|
Less: State Credit
|
$468,199
|
$523,375
|
$525,193
|
$507,208
|
|
Net Tax Levy
|
$6,968,330
|
$6,952,123
|
$6,781,426
|
$6,672,492
|
|
City as % of Gross Levy
|
26.7%
|
27.1%
|
28.2%
|
28.5%
|
City Of
