States

Taxes on Selected Properties

March 19, 1997 2 min read

MANUFACTURING PLANT

Address: 1981 N. Division,
Harvard, Ill.
Description: Cellular Telephone Manufacturing Plant
Assessed Value: $15 million
Property Taxes Paid to Schools: Still being negotiated, but school officials expect roughly $600,000 this year.
Local School District: Harvard School District 50

The community of Harvard in rural McHenry County encouraged Motorola to build its plant with roughly $3 million in property-tax abatements. Officials of the local cash-strapped schools, however, have backed out of an agreement to sacrifice their portion of property taxes and are expecting their full share this year. Taxes on the plant’s full value will not be collected until 1998 because the plant was under construction much of this year.

FARM

Address: Pinecrest Farms,
Valparaiso, Neb.
Description:1,662-acre cattle-breeding ranch and corn farm
Assessed Value: $1.1 million
Property Taxes Paid to Schools: $19,552
Local School District: Raymond Central Schools

Farm owners in Nebraska contend that they pay an unfair share of the property taxes for schools. And the property-tax burden is assessed regardless of ability to pay, they add. For example, it would take 28 Knox County businesses, including a bank and several stores, to pay the same $7,000 in property taxes for schools as one 600-acre farm there, according to data compiled by the Center for Rural Affairs in Walthill, Neb.

DOWNTOWN HOTEL

Address: 301 Chestnut St.,
St. Louis
Description: 910-room hotel
Assessed Value: $9.9 million
Property Taxes Paid to Schools:$210,375
Local School District: St. Louis Public Schools

In 1983, owners of the hotel were granted a 10-year abatement from paying local property taxes. Over the next 15 years, the agreement provided a 50 percent discount on local taxes--a deal estimated to save $11.5 million in taxes for the hotel. St. Louis city school officials estimated that local schools would lose out on $6.9 million during the 25-year deal.

HOSPITAL

Address: 147 N. Brent St.,
Ventura, Calif.
Description: Nonprofit, tax-exempt 240-bed private hospital Assessed Value: $61 million
Property Taxes Paid to Schools: N/A
Local School District: Ventura County Schools

Community Memorial is nonprofit and tax exempt, and like other nonprofit hospitals, pays neither state nor federal income taxes and is almost fully exempt from property taxes. Local schools are funded nearly entirely by the state, and local school officials say property-tax exemptions do not affect them.directly.

MANUFACTURING PLANT

Address: 4100 Sara Road,
Rio Rancho, N.M.
Description: Computer-chip manufacturing plant
Assessed Value: $333 million
Property Taxes Paid to Schools: $0
Local School District: Rio Rancho Schools

Property and equipment at the world’s largest computer-chip manufacturing plant are exempt from school property taxes, a deal by the state and county that will save Intel an estimated $458 million in total property taxes over 30 years. Sandoval County also issued $8 billion in bonds to pay for equipment at the plant. In exchange, the company will build a $30 million high school to relieve overcrowding in the Rio Rancho schools.

Related Tags:

A version of this article appeared in the March 19, 1997 edition of Education Week

Events

Jobs The EdWeek Top School Jobs Virtual Career Fair
Find teaching jobs and other jobs in K-12 education at the EdWeek Top School Jobs virtual career fair.
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Curriculum Webinar
How to Power Your Curriculum With Digital Books
Register for this can’t miss session looking at best practices for utilizing digital books to support their curriculum.
Content provided by OverDrive
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Student Well-Being Webinar
Embracing Student Engagement: The Pathway to Post-Pandemic Learning
As schools emerge from remote learning, educators are understandably worried about content and skills that students would otherwise have learned under normal circumstances. This raises the very real possibility that children will face endless hours
Content provided by Newsela

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

States Interactive Map: Where Critical Race Theory Is Under Attack
This national map tracks where state legislatures are attempting to limit how teachers can discuss racism and sexism in the classroom.
2 min read
States Florida State Board of Education Bans the Use of Critical Race Theory in Schools
Lessons that deal with critical race theory and the “1619 Project” are not welcome in Florida’s public schools following a state board vote.
Jeffrey S. Solochek, Tampa Bay Times
4 min read
Richard Corcoran, the Commissioner of the Florida Department of Education and Board Chair Andy Tuck listen as Dianna Greene, the Superintendent of Duval County Public Schools, addresses the board members during Thursday morning's meeting. The board members of the Florida Department of Education met Thursday, June 10, 2021 at the Florida State College at Jacksonville's Advanced Technology Center in Jacksonville, Fla. to take care of routine business but then held public comments before a vote to remove critical race theory from Florida classrooms.
Richard Corcoran, the commissioner of the Florida Department of Education, and Board Chair Andy Tuck listen as Dianna Greene, the superintendent of Duval County Public Schools, addresses board members before a June 10 vote to remove critical race theory from Florida classrooms.
Bob Self/The Florida Times-Union via AP
States Let School Officials Seek Gun Limits for Potentially Violent Students, Feds Suggest
A model state "red flag" bill would let school officials ask courts to halt students' access to guns if they are deemed a risk.
4 min read
Students protest after the 2018 school shooting in Parkland, Fla.
Students protest after the 2018 school shooting in Parkland, Fla.
High school students rally at the Capitol in Washington on Feb. 21 in support of those affected at the Parkland High School shooting in Florida. J. Scott Applewhite/AP
States From Our Research Center A User’s Guide to the Grading and Methodology
Here's a quick and easy guide to the grading scale and each of the indicators that go into making up the 50-state grades for school finance.
EdWeek Research Center
4 min read
Illustration of C letter grade
Getty