Somerset, PA - Pennsylvania Treasurer Stacy Garrity and Somerset County Commissioners Gerald Walker, Colleen R. Dawson, and Pamela Tokar-Ickes announced today that nearly $44,000 in unclaimed property has been returned to Somerset County.
“Since taking office, I’ve visited Somerset and Seven Springs, and I know that the residents of Somerset County work hard and want every taxpayer dollar to be used wisely. Treasury works tirelessly to get unclaimed property back in the hands of not only individuals and companies – but local governments, too. I encourage everyone to check our website to see if they, their family, or their business or organization, has money waiting to be claimed.”
Pennsylvania State Treasurer, Stacy Garrity
The $43,758.77 returned to Somerset County includes 51 individual properties ranging in value from $.66 to $30,860.50. The oldest property dates back to 1980, while the most recent is from 2021. Properties returned include funds from accounts payable checks, cashier’s checks, credit balances, expense checks, uncashed checks, and other forms of unclaimed property.
Treasurer Garrity has returned nearly $15.7 million to 57 local governments, including counties and municipalities, since taking office.
Treasury is working to return more than $4.5 billion in unclaimed property to its rightful owners. About one in ten Pennsylvanians is owed unclaimed property, and the average claim is worth about $1,600.
Unclaimed property can include dormant bank accounts, uncashed checks, insurance policies, contents of forgotten safe deposit boxes and more. State law requires businesses to report unclaimed property to Treasury after three years of dormancy.
Treasury keeps tangible unclaimed property for about three years before it is auctioned. Auction proceeds are kept in perpetuity for owners to claim. Military decorations and memorabilia are never auctioned.
To learn more about unclaimed property or to search Treasury’s database, visit patreasury.gov/unclaimed-property.