County auditor: appraisal error cuts Potter County revenue by $412,126
County Auditor Brandon reported a Potter-Randall Appraisal District clerical error that failed to apply a Freeport exemption, overstating taxable value by roughly $70 million and reducing Potter County's anticipated revenue by $412,126; commissioners were advised to account for the shortfall in budget planning.
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Brandon, Potter County's auditor, told the Commissioners Court that a clerical error in the Potter-Randall Appraisal District (PRAD) certification failed to apply a Freeport exemption to a taxpayer's personal property account, producing an overstatement of taxable value of about $70 million and reducing the county's expected revenue by $412,126 for the year.
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