Q: My property taxes are going up. Doesn't that mean our schools will get more money?
A: No. When local property assessments rise and more proceeds are produced, the state Legislature considers that when it allocates funds across the state on a per-student basis. As local property taxes rise, the amount allocated from income taxes is lessened so that all students in the state are allocated the same amount. (From http://www.junctioncity.k12.or.us/)
The only funds for operations that are outside of the equalization formula are Local Option Levy funds if a schools district has been able to pass a levy. Sometimes tax increases are due to the passage of a Local Option Levy and in this case the answer to the above question would be yes the increase in property taxes is giving local school a bit more money.
It is also easy to confuse local property taxes for schools allowed under Measure 5 that are subject to consideration under the equalization formula, local option levy taxes and capital bond measure taxes. If a district passes a bond measure this is also paid on property taxes, but the use of these funds is limited, for example, capital funds can't be used to pay teacher's salaries.
A: No. When local property assessments rise and more proceeds are produced, the state Legislature considers that when it allocates funds across the state on a per-student basis. As local property taxes rise, the amount allocated from income taxes is lessened so that all students in the state are allocated the same amount. (From http://www.junctioncity.k12.or.us/)
The only funds for operations that are outside of the equalization formula are Local Option Levy funds if a schools district has been able to pass a levy. Sometimes tax increases are due to the passage of a Local Option Levy and in this case the answer to the above question would be yes the increase in property taxes is giving local school a bit more money.
It is also easy to confuse local property taxes for schools allowed under Measure 5 that are subject to consideration under the equalization formula, local option levy taxes and capital bond measure taxes. If a district passes a bond measure this is also paid on property taxes, but the use of these funds is limited, for example, capital funds can't be used to pay teacher's salaries.