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The report also finds that districts with more low-income students tend to have lower taxable property value than wealthy districts, so they tend to draw disproportionately from their general operating budgets to pay for facilities maintenance and upgrades.
Land sales multiplied six times after the sale and the state's taxable property value doubled.
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The report added that since the early 1960's, when Lincoln Center opened, taxable property values for the area had increased by 2,608 percent, compared with 447percentt for the rest of Manhattan.
"Given the ongoing underinvestment in school facilities…and the tremendous differences in local taxable property values per student across the state, California must bolster … its role in the state-local funding partnership for K-12 school facilities," concludes the report.
When the housing bubble burst in Pembroke Pines, a city of 150,000 in Broward County, Fla., taxable property values plummeted, and the city responded by raising the tax rate and making a declaration of "financial urgency," which allowed it to reopen its contracts.
Anaheim also saw the lowest growth in taxable property values: 1.16%.
It has been 39 years since the last time Newark adjusted the assessed value of every taxable property to match its estimated true market value, that is, the price it would likely fetch if it were put up for sale.
Under the current system, the city may borrow no more than 10percentt of the average value of taxable property in the city during the last five years.
Ventura County Assessor R. J. Sanford said this week that the value of taxable property in the county had increased by about 13% in the last fiscal year, but he predicted that next year's growth might decrease about 10%.
A one-foot sea level rise (SLR) leaves over $4 billion in taxable properties vulnerable; that value rises to over $31 billion under a 3-foot rise scenario.
That is barely less than the assessed value of all taxable property.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com