COUDERSPORT — The Coudersport School District will not file an appeal regarding the Potter County Board of Assessment ruling on the property at 510 Bank Street (tax parcel 062-001-017), also known as the Tennis Center, where Empereon Marketing operates out of.
The school board had voted to file an appeal of the tax assessment of 12 properties, including 510 Bank St., that is owned by the Potter County Housing and Redevelopment Authority. Because buildings owned by the Redevelopment Authority are exempt from taxation, the building was taken off the tax rolls.
The property market value for that property was $2.1 million, an amount that was established in the Adelphia Era. During the hearing, it was announced 12 entities have shown interest in purchasing the building, the district’s business manager, John Abplanalp, said.
Potter County Chief Assessor, Jake Ostrom, set the assessed value of the property at $211,190, a 68% reduction in the Adelphia Era value of $676,875. This brings what the district would receive to about $9,000 from $28,250. The property has not been on the tax rolls since 2008.
“It’s a hard hit, but I think that it’s one of the anomalies with the Adelphia buildings in town, there’s just not a market for them,” Abplanalp said.
Board member Jennifer Chambers made a motion not to file an appeal and board member Carol Carts seconded it. All members voted yes; members Carol Empson and Micki Brown were absent.
The general fund closed out in the black at $193,292, Abplanalp said. He said he still had to do some analysis on the finances to see what caused the positive variance. $140,000 will be moved from the general fund to the capital expenditure fund, with an ending balance of the general fund at $53,292. This will help offset the $196,000 in capital expenditures that were made this year.
The food service will also finish in the black with a surplus of $17,438. Much of that is attributed to increasing the prices and reducing the staff by two people, one from each school, Abplanalp said. This is the first time food services had a positive number in many years, Abplanalp said.
The board voted to create a new elementary school position and hired Jill Geyer with a salary of $52,116. This position will add a fifth grade teacher to the staff, creating three fifth grade classes, superintendent Jackie Canter said. An executive session was held prior to the September board meeting to discuss this addition, she said.