Nat’l average I just saw is around $8700 per student for an elementary and secondary education.
Thats right, the home-owning neighbors who live around you spend almost 10 grand to send you to school. In NY it’s 14K.
a quick cut-n-paste:
1. Effective local control of schools depends on local funding of schools.
Local property tax funding of education gives all of a community’s residents, not only the parents of school-aged children, an incentive to monitor the local public schools and see that they provide a good education. Homeowners in districts with successful schools are rewarded with rising property values, whereas residents in districts with unsuccessful schools experience falling property values.
Each resident has an individual incentive to either support the status quo if it is producing good results, or work for change if it is not. Local property tax funding thus gives school personnel an incentive to provide high quality and efficient schools. School districts also must compete with one another or risk losing students, as well as tax dollars, to better-performing districts.
2. Financing schools with local property taxes is more fair than relying on statewide taxes.
Property taxes, because they are calculated according to property values, take into account the quality of local schools more effectively than can statewide taxes. Moreover, because property tax rates are set locally and often by referenda, they reflect the ability and willingness of local taxpayers to pay for public schools. No statewide tax–be it a statewide uniform property tax rate, or an income- or sales-based tax–could be as fair.
3. Support for public schools is stronger when control and responsibility for funding are in local hands.
A family that wishes to invest a high share of its income in educating its children is willing to pay more for a house in a highly perceived school district. In a system of local property tax finance, such families are accommodated: They pay more for their house, but they get to send their children to a high-quality school.
If the burden of school funding shifts from local property taxes to a statewide tax, families would be taxed for schools at the same rate regardless of where they live. Families that place a high value on education may choose to live in a school district with low property taxes and only average public schools, and then compensate by purchasing computers, paying tutors, or otherwise investing in education-enhancing items for their school-aged children. Or they may move their children from public schools to private schools to get the higher quality of education that the public schools could no longer deliver. Both reactions would undermine the public school system by lowering support for higher levels of funding and by lowering enrollments.
Both of these reactions occurred in California between 1980 and 1990, when reliance on state aid rose by 21.4 percentage points. Spending per pupil rose only 6 percent, and the share of students attending private schools jumped 56 percent. New Hampshire, by contrast, did not increase its reliance on state aid. Spending per pupil rose 25 percent, and the share of students attending private schools fell by 11 percent.