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ortland's North Deering neighborhood is facing another property revaluation, a process that could lead to increased taxes for some homeowners. Three years after many Portland residents saw significant jumps in their property taxes, the city is reassessing all properties to ensure assessed values align with current market rates.

    For Christine McHale, a 71-year-old West End resident, the prospect of another revaluation is daunting. Her property taxes rose by over $1,000 during the last revaluation in 2021, and she's worried about another increase. "It's not like I can get a second job," she said. "I don't know where the money will come from."

    However, Elisa Marr, Portland's tax assessor, believes this time around, property values won't change as drastically. Since the last revaluation in 2021, it's only been a few years, and with the real estate market experiencing significant growth, homes have had time to adjust.

    Revaluations don't generate additional revenue; they simply redistribute the tax burden. Homes that have undergone major renovations will see higher values and corresponding tax bills, while owners of properties that have lost value over time will pay less.

    Portland has seen substantial growth in its real estate market over the past decade, driven by an influx of new residents, rising demand for housing, and limited inventory. The average assessed value of a home in Portland is $440,800, with the median sale price for a home in Cumberland County reaching $580,000 this spring.

    To address potential inequities, Marr's office will analyze real estate market trends and assign property values accordingly. While some homeowners may see their taxes increase, others may experience no change or even a decrease. The city aims to ensure that municipal services are funded fairly through the tax system.

    Other cities in southern Maine, such as South Portland and Brunswick, have faced similar challenges with revaluations. In Brunswick, recent property revaluations sparked outrage, with some homeowners facing tax hikes of 100% or more. In South Portland, new tax bills from last year's revaluation have left residents frustrated and concerned about their ability to afford the increased taxes.

    To mitigate these issues, Marr's office is working to provide clear information to property owners throughout the process. By April, homeowners should receive a letter with their new valuation, which can be appealed before tax bills are sent out in August. Marr hopes that by being transparent and proactive, the city can avoid backlash and ensure that property values are fair and equitable.