Understanding Total Assessed Value per Student [Education]: A Comprehensive Guide
Definition & Meaning
The term total assessed value per student refers to the assessed valuation of real property divided by the number of students (also known as assessed valuation per pupil). This metric is used to evaluate the financial resources available for education in a local education agency (LEA). It is important for understanding how funding is allocated to schools and can impact educational quality and resources.
Legal Use & context
Total assessed value per student is primarily used in the context of education funding and finance. It is relevant in legal discussions surrounding:
- Impact Aid Programs
- School funding formulas
- Property tax assessments
This term may involve forms or procedures that users can manage themselves, particularly through resources like US Legal Forms, which offers templates for educational funding applications and assessments.
Real-world examples
Here are a couple of examples of abatement:
Example 1: A school district has an assessed property value of $10 million and serves 500 students. The total assessed value per student would be $20,000.
Example 2: In another district, if the assessed property value is $5 million with 250 students enrolled, the total assessed value per student would be $20,000 as well. This shows how different property values can yield the same funding per student. (hypothetical example)