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Unless a community is exceptionally rich or poor the people living there pay roughly what it costs +/- a few percent. You’re not taking school taxes and costs
by 300bps 4y ago
Unless a community is exceptionally rich or poor the people living there pay roughly what it costs +/- a few percent.
You’re not taking school taxes and costs into consideration.
In my school district, they spend $18,211 per student each year. Average school taxes per house are $8,100.
So a house with 1 child costs $10,111 per year. But the average house with children has 2.1 kids costing over $30,000 more than is paid in.
This is a very common problem and why development, especially of larger homes (with likely more children) is a net drain on the local tax base.
- throwaway0a5e 4y agoSchools are an infinite money pit. Their expenses grow to consume what is available. Likewise their expenses can be trimmed if the money is simply not available. As we've learned from pumping poorly performing schools full of money, expenditure is only loosely correlated with results.
- frumper 4y agoSounds like your problem is children. Children need to be schooled whether they live in a large house or are crammed into a tiny condo.
- 300bps 4y agoChildren need to be schooled whether they live in a large house or are crammed into a tiny condo. True, but doesn't seem relevant to the discussion. GP said homes pay as much in taxes as they receive in services. I disputed that by pointing out that even with very large homes, the people in the home receive far more educational services than their taxes pay for. Your response to that is to say children need education?
- frumper 4y agoMost of the suburbs, small cities and towns I've been in are predominately single family homes, yet they somehow all have schools paid for by taxes. People that tend to live in very large homes tend to pay disproportionately larger shares of taxes.
- 300bps 4y agosmall cities and towns I've been in are predominately single family homes, yet they somehow all have schools paid for by taxes That somehow is because they tax people that don't have kids in school. In fact, municipalities can nudge this. Approve a 55+ community and it will give the community a net tax benefit. Same thing with a condo community. But approve a plan for a community of single family homes with 4+ bedrooms and you will have a huge drain on the tax base literally forever.