Petersburg Pilot -

The Petersburg Borough’s total taxable assessed value decreased from estimates early this year forcing the borough to cut back on its contingency expense account by more than $40,000.

Property tax revenues decreased by $42,122 from what was budgeted before the appeal process that took place last month where property owners had a chance to dispute borough assessor Mike Renfro’s original assessments. Renfro said he ended up dealing with around 200 appeals.

“There were quite a few of them changed,” Renfro said. “The majority of those claims were values that were lowered.”

Before t...