In Businessville
school districts, significant commercial and/or industrial development
increases the tax base to spread the school levy burden and lowers the overall
taxpayer cost for a school levy for all property owners in that district.
Hometown residents bear the full
cost of school levies and are less able to support higher school levy amounts
for their schools. There is a direct
correlation that shows the lower the taxpayer cost for a school levy dollar,
the higher the school levy will be in that district.
Residents in lower property wealth districts pay two or three times more for a
school levy dollar which limits the school district’s ability to obtain the
funding it needs. Conversely, to provide
the same level of school levy support, the school levy property taxes in lower
property wealth districts school will be two or three times more than in a high
property wealth district.