The Danville, Pa., club sought a reduction in its value in order to lower its property taxes. The assessed value of the 163-acre property had been over $3 million before the adjustment, and its current market value has been changed to $2.44 million.
The Montour County commissioners reduced the assessed value of Frosty Valley Country Club in Danville, Pa., to $2 million after the club sought a reduction that will lead to lower property taxes, the Sunbury, Pa.-based Daily Item reported.
After the commissioners heard the appeal, they asked the club for a 60-day extension so Rich Drzewiecki could appraise the Mahoning Township property. Commissioners approved an assessed value of $2 million and a market value of $2.44 million on December 2. The assessed value of the 163-acre property had been $3,172,970, the Daily Item reported.
During the appeal hearing, club board president James Kishbaugh II said an appraisal from July 2014 listed a market value of about $900,000. The appraisal report by Advantage Golf Advisers, of Harrisburg, also concluded the best use of the property would be for agriculture, the Daily Item reported.
Commissioners Chairman Trevor Finn said Drzewiecki had a different opinion of the best use of the land. “We think it could be developed,” Finn said. The club is being leased for 10 years with an option for another 10 years, said Commissioner-Elect Dan Hartman.
“It’s a beautiful course. I’d hate to see it go away,” Commissioners Vice Chairman Jack Gerst said. He pointed out that when the commissioners grant a reduction in taxes everyone else picks up those taxes, the Daily Item reported.