For the first time in 15 years, the city of Evansville will re-evaluate what its taxable properties are worth.
City administrator Ian Rigg says the city will perform a revaluation starting this year on the west side and finishing in 2020.
Legal requirements mandate that municipalities perform revaluations after a certain amount of time or growth, but Evansville hasn’t met those requirements yet.
Rigg says city officials prefer to do the revaluation on their own timetable and control costs. If the state mandates one, the timetable and company performing the process are determined by the state.
Evansville’s revaluation project is estimated to cost about $70,000.
