ANALYSIS
Understanding School Spending
Click here for a PDF of data used to generate these results.
Four districts – TE, Great Valley, Radnor and Lower Merion .

A Measure of LOCAL EFFORT
Millage and level of funding/support for education
Using state figures on market and assessed values, this calculation identified the local effort  revenue from property taxes per enrolled student:  See the PDF link below for the components of these figures.
TESD

Great Valley

Radnor

Lower Merion
$ 13,359.45

$ 15,263.00

$ 16,377.94

$ 24,464.21
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Another measure of local costs:   (see the blog for definitions and an understanding of terms)
USING CLR - Common Level Ratio - a number developed annually by the State Tax Equalization Board that reflects the fair assessed value by assessment authority based on sales/new construction across all types of buildings/land.   See STEB site for more information.


A house that has a fair market value (sells for) $500,000 would be assessed as follows: (fair market value x CLR%) 

TE, Great Valley, Unionville — $265,000
Radnor – $306,500
Lower Merion, Upper Merion $270,000
Council Rock, Central Bucks – $48,500

Knowing these assessed values on our $500,000 purchase house, (make it new construction for the sake of understanding how the assessed value is reached), school taxes on this house based on this fair assessment would be as follows:

TE – 17.47 mills – $4,629.55
GV – 18.22 mills $4,828.30
Radnor – 20.2731 mills $6,213.71   (Radnor's rate includes college mills)
Lower Merion 21.4015 mills $5,778.41
West Chester 17.85 mills $4,730.25 plus EIT
Council Rock 107.96 mills $5,236.06 plus EIT
Upper Merion 15.24 mills $4,114.80


Click here for a PDF of data used to generate these results.