He was born in Sault-au-Récollet, Lower Canada, the son of François-Xavier Racicot and Léocadie Tremblay. He was educated at the Séminaire Saint-Sulpice in Montreal, studied law and was called to the Lower Canada bar in 1859. He set up practice at Sweetsburg, first with Andrew Robertson and later with E. Cornell. In 1868, he married Susan A. Bowker. Racicot was bâtonnier for Missisquoi district. He served on the municipal council for Sweetsburg, also serving as mayor and warden for Missisquoi County. Elected as a Liberal, Racicot joined the Conservative caucus in 1879 with three other members, leading to the defeat of the Liberal government. He was defeated when he ran for reelection in 1881. Racicot died in Sweetsburg at the age of 73.