Thoughts about education, property values, population, and taxes

--(my Apr 25, 2014 "comment":http://toledotalk.com/cgi-bin/tt.pl/article/176025/24Apr2014/May_6_2014_ballot__Were_Broke/18#176059 at ToledoTalk.com.)--

bq. _"The more people invest in schools, the higher the property values."_

We live near Elmhurst Elementary, which consistently rates  "Excellent," and it's one of the top-performing school buildings in the Toledo public school system, yet our property values dropped significantly when the valuations were released a couple years ago.

So I don't subscribe to the theory that property values increase because of good schools. It's possible that living near Elmhurst Elementary prevented our property values from dropping  even more.

more.

bq. _"The 3 School Districts that ranked in the top 100 HS in Ohio (news came out today) were Sylvania, Perrysburg and Ottawa Hills-Guess which communities have the highest property values?"_

I don't understand what correlation you are trying to make.  Are those property values high because the schools are routinely rated high? If so, why do those schools consistently perform so well? Do those schools perform exceptional because of high taxes?

The Ohio Department of Education website "shows":http://education.ohio.gov/Topics/Finance-and-Funding/Finance-Related-Data/Expenditure-and-Revenue/Expenditure-Revenue-Data   the cost to educate a student for one year in a school system.


The most recent data is for FY12, which I think refers to the 2012-2013 school year.

*Per Pupil All Expenditures - FY12*

table{width:300px}.
|Ottawa Hills Local   | $13,501|
|Toledo City               | $12,470|
|Sylvania City             | $10,660|
|Perrysburg Ex Vill   | $8,581|


In many cases, the amount of money spent per student per year does not directly relate to a school district's overall performance. For years, Perrysburg and Sylvania have spent less per student than TPS. 

Toledo's other school district, Washington Local, spends less than TPS, yet Washington Local performs better.

Something is amiss in Rossford. The cost to educate one student for one year was $15,589.

The cost per student for other local school districts:

table{width:300px}.
|Maumee City| $11,232|
|Washington Local | $11,225|
|Oregon City | $9,874|
|Springfield Local | $9,118|
|Anthony Wayne Local| $8,960|

Perrysburg's <a href="http://en.wikipedia.org/wiki/Perrysburg,_Ohio#Demographics">population</a> doubled between 1980 and 2010.  Would that kind of growth  increase the housing demand and drive up property values?

*Perrysburg's population:*

table{width:200px;}.
|1980 | 10,196 |
|2010 | 20,623 |

The population of Sylvania city grew some during the same period, but nowhere near as dramatic as Perrysburg's. Maybe Sylvania Township grew more. 

I don't understand how the township thing works, regarding schools, total population, taxes, etc.

I do know that Toledo's population declined significantly during that same 30-year period.

table{width:200px;}.
|1980 | 354,635&#9; |
|2010 | 287,208&#9; |

Some Toledoans left the region, but many moved into the outlying communities. I assume that the outward migration had to increase the demand for housing and strain the resources in  those other communities.

Does the median household income contribute to higher property values?

"City-data.com":http://www.city-data.com/city/Ohio.html - Estimated median household income in 2011: 

table{width:250px;}.
|Ottawa Hills | $103,620 |
|Berkey           | $68,463  |
|Waterville     | $65,696  |
|Perrysburg |$65,463 | 
|Whitehouse | $64,841 |
|Sylvania       | $58,720|
|Rossford     | $51,139 |
|Maumee      | $50,706 |
|Oregon        | $47,486 |
|Holland        | $41,693 |
|Toledo         | $31,090 |

 #education - #home - #tax - #politics