Sunday, November 6, 2011

Fourth Most Expensive District At $300k: Robbinsdale

Compression issues jacking up the load on a $300k home?  Lets see,  Robbinsdale school district has 11 residential properties assessed at $1,250,000+ and Westonka district has 306.

$750,000+??  Robbinsdale district has 87, Westonka district has 1067.

$300,000+??  Robbindale district has 2585, Westonka district has 3239.

Now, do you see one reason why a home assessed at $300k in Robbinsdale SD might carry a heavier tax burden than a $300k home in Westonka SD?

 I created a factor today for comparing homes assessed at $300k across multiple districts!!  You divide the school tax load of a $300k home, by the number of students in a district, to find out how efficient a district is at using it's money.  Robbinsdale's efficiency factor comes to $.15 or $1724 / 11,700.  Westonka's comes to $.32 or $717 / 2250.  So who is paying more?????

** Property numbers for this comparison come from NorthstarMLS' tax file and are those deemed "Residential" under their plat prop type code.

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