Housing Markets and School Financing

Autor/in	Loubert, Linda
Titel	Housing Markets and School Financing
Quelle	In: Journal of Education Finance, 30 (2005) 4, S.412-429 (18 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0098-9495
Schlagwörter	State Aid; Housing; Financial Support; Educational Finance; Taxes; School Districts; Neighborhoods; Finance Reform; Educational Equity (Finance); Texas + Suchen Sie Ihr Suchwort? Unterkunft; Finanzielle Förderung; Bildungsfonds; Abgabe; School district; Schulbezirk; Neighbourhoods; Nachbarschaft; Financial reform; Finanzreform
Abstract	As school quality improves, does the housing market reflect buyers' perception of that change? In 1993, Texas implemented Senate Bill 7 (S.B. 7), commonly known as the Robin Hood financing of local schools, wherein some of the property tax revenues from wealthy school districts are redistributed to less wealthy districts. Data from Dallas County indicate that resources for school districts were equalized as a result. This study relied on hedonic price models before and after S.B. 7 to determine whether convergence in housing prices occurred between property-rich and property-poor neighborhoods. We found that state aid, based on changes in school finance reform, is associated with a reduction in the difference in hedonic house prices. However, the convergence results from a reduction of the hedonic price in wealthy districts, coupled with some price change in poorer districts. These findings confirm the existence of school-based premiums in housing markets when funding is unequal and demonstrate that the housing market appears to reflect changes in buyer perceptions of school quality. (Contains 2 figures, 5 tables, and 38 footnotes.) (Author).
Anmerkungen	University of Illinois Press, 1325 South Oak Street, Champaign, IL 61820-6903. Tel: 217-333-0950.
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10