Home > Uncategorized > Bigger Tax Base For Schools, Municipalities, County

Bigger Tax Base For Schools, Municipalities, County

February 23rd, 2020

Potter County Tax Assessment Office added nearly $4 million to the county’s tax base in 2019, due in large part to field work taking place across the county to locate new construction and property improvements, Chief Assessor Jacob Ostrom reported that the county’s real estate tax base increased by $3,900,000 in assessed value, translating to about $12.5 million in added market value. Real estate taxes levied by school districts, boroughs, townships and the county government are applied to a property’s assessed value. As a result of the tax base additions, the county government will receive an additional $71,500 in taxes this year. School districts and municipalities will also see higher tax revenue.

Ostrom’s job grew harder several years ago when the state legislature eliminated the position of township and borough tax collector. 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.

Comments are closed.