How Property Taxes Fund Your Local Schools

Property taxes are the largest single source of funding for public K-12 education in the United States, accounting for roughly 36% of all local school revenue. But reliance on property taxes creates deep inequities: a wealthy district can raise three times more per student than a poor one, even with the same tax rate. In this episode, Lucas and Luna break down how property tax assessments work, why they're politically difficult to reform, and what a state like California did in 1978 with Proposition 13 that still shapes school funding today. They look at a concrete case: the 2025-2026 school year in two adjacent Ohio districts, one with a $600,000 median home value and one with $150,000. The numbers reveal how zip code determines classroom resources. #PropertyTax #SchoolFunding #LocalTax #Proposition13 #TaxAssessment #MillRate #EducationFinance #TaxInequity #OhioSchoolDistricts #AdValoremTax #TaxPolicy #Economics #PublicFinance #SchoolDistrict #TaxReform #FexingoBusiness #BusinessPodcast #TaxPolicyPodcast Keep every episode free: buymeacoffee.com/fexingo