ERIC Number: ED166808
Record Type: RIE
Publication Date: 1978
Reference Count: 0
Residential Property Composition of School Districts: Its Effect on Tax Rate and Per Pupil Revenue.
Lundeen, Virginia; And Others
This study related tax rate and per pupil revenue to residential assessed valuation, percent residential of total assessed valuation, and selected socioeconomic independent variables for school districts in Cook, DeKalb, DuPage, Kane, and Lake counties in Illinois. Findings suggest that for homeowners and the students of these counties in 1976, the combination of high percent of residential property and low per pupil value of residential property shows high tax rates and low per pupil revenue; that school revenues in all high residential percent districts may be lower than revenues in low residential percent districts; and that the Illinois reward for effort is, in essence, a system of reward for districts with high percentage of residential valuation. Yet, while the present system helps homeowners, it does not produce combined state and local revenue that can keep up with inflation. The guaranteed yield is frozen at less than $1,300 combined state and local revenue per pupil, while other districts with higher local resources can increase the local revenue to produce a combined yield of several hundred dollars per pupil unit above the state guarantee. (Author/IRT)
Descriptors: Elementary Secondary Education, Equalization Aid, Finance Reform, Multiple Regression Analysis, Property Taxes, School Districts, Statistical Analysis, Tables (Data), Tax Effort, Tax Rates
Center for the Study of Educational Finance, Department of Educational Administration and Foundations, College of Education, Illinois State University, Normal, Illinois 61761 ($3.00)
Publication Type: Reports - Research; Numerical/Quantitative Data
Education Level: N/A
Sponsor: National Inst. of Education (DHEW), Washington, DC.; National Conference of State Legislatures, Washington, DC.; Illinois School Problems Commission, Springfield.
Authoring Institution: Illinois State Univ., Normal. Center for the Study of Educational Finance.
Identifiers: Illinois (Cook County); Illinois (DeKalb County); Illinois (DuPage County); Illinois (Kane County); Illinois (Lake County)