SoPo revaluation will be a big factor in 2022 budget
Share
SOUTH PORTLAND The South Portland City Council raised the curtain on the 2022 budget season with a joint workshop with the school board this week and already the annual real estate revaluation has one official worried about what changes in property values will do to residential tax bills.
“There’s going to be a pretty significant shift,” said City Finance Director Gregory L’Heureux.
L’Heureux presented his concerns to both boards at the joint workshop Jan. 5. Neither board took any action and the first official public hearing is not scheduled until April 6, but L’Heureux said he is already looking to what might happen to commercial and residential property values citywide.