ERIC Number: ED187017
Record Type: Non-Journal
Publication Date: 1979-Dec
Reference Count: N/A
Expenditures and Tax Capitalization: Its Relation to School Finance and Tax Reform. Report No. F79-11.
Variations in public services and tax rates among communities may cause property values to vary, a concept referred to by economists as capitalization. The purpose of this booklet is to describe and evaluate the implications of capitalization primarily for school finance changes and secondarily for property tax changes. Section 1 describes the conditions necessary for capitalization and the process of capitalization itself. Section 2 presents several theories discussed in the literature and several studies that have measured the magnitude of capitalization. Section 3 analyzes both the short- and long-term capitalization effects of specific changes in state aid with attention to aid for public schools. The appendix offers an annotated bibliography. (Author/LD)
Publication Type: Information Analyses; Reports - Descriptive
Education Level: N/A
Sponsor: National Inst. of Education (DHEW), Washington, DC.; Ford Foundation, New York, NY.
Authoring Institution: Education Commission of the States, Denver, CO. Education Finance Center.