Potter County Today

Potter County Tax Assessment Office has added more than $1.3 million to the county’s tax base over the past 12 months, due in large part to Chief Assessor Jacob Ostrom’s field work to locate and document new construction and property improvements. The increase in assessed value of $1.3 million computes to another $7.6 million in market value being recorded. The county’s real estate tax base is now $362.7 million (assessed value), which reflects an approximate market value of nearly $2.1 billion. That does not take into account the more than 40 percent of real estate that is tax-exempt, due to ownership by the state or other exemptions. As a result of the field work, school district, municipal and county real estate taxes will yield additional revenue to the respective government bodies.

This year’s increase was lessened from those of recent years due to multiple factors, ranging from building demolition and disabled veterans’ tax exemption to destruction from the remnants of Hurricane Debby last August and a larger amount of acreage being enrolled in the state-mandated “Clean and Green” program, which reduces tax assessments on farmland, forest land, pastures and other open space.

Ostrom’s job grew harder several years ago when the state legislature eliminated the position of township and borough tax assessor. In prior years, these elected officials were responsible for finding and reporting new construction and improvements. Today, the Assessment Office relies primarily on building permit records and visual inspections to update tax records.