2017-10-07 / News

Court-ordered tax rebate made

Impact of the court-ordered tax assessment reductions in Cameron County is starting to be felt by local governments.

During this month’s Emporium Borough Council meeting, members learned that the assessment appeal by Teutech Leasing Corp. will cost taxpayers more than $12,000.

In June, President Judge Richard Masson decreased the market value tax assessment of the company’s Barton Street property from $1.5 million to $810,000. Teutech was awarded a $89,000 tax rebate, paid jointly by Emporium Borough, Cameron County School District and the Cameron County Commissioners.

As a result of the ruling, the borough must repay $12,244 to the company to reflect the lower assessment for 2016 and 2017.

The former Big G department store, Emporium Hardwoods, and the Masonic Building Association property at the current location of Floor Masters have also prevailed in court, successfully arguing that a sluggish real estate market and stagnant economy have devalued commercial property values.

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