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Final assessed property values down after appeals


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.”

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