Question
Property taxes make up the largest source of local government revenue. One of the major determinants of residential property value are the services provided by
Property taxes make up the largest source of local government revenue. One of the major determinants of residential property value are the services provided by local governments. The primary source of funding for public education (K-12) is through property taxes which implies that schools in neighborhoods with higher property value will receive more funding, while schools in neighborhoods with lower property value will receive less funding.
a)(4 points) Discuss the advantages and disadvantages of public education being funded through property taxes and property value.
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