PUBLIC SCHOOL FINANCE 251 
of Equalization to overrule the equalized valuations of the 
Tax Commission injects another variable into the problem. 
It may be questioned, therefore, whether the present pro- 
cedure could provide a satisfactory base for the school 
equalization program. 
Briefly, the plan assumes that a levy of $0.20 per $100 of 
assessed valuation for school purposes represents approxi- 
mately the same rate on true value, regardless of where the 
school district is located. The other important factor which 
would have to be considered before a uniform base could be 
established is variation in assessment ratios. Unless it can 
be shown that property is uniformly assessed throughout the 
state, the minimum program can result only in equalizing on 
an unequalized base. It would be just as logical to base such 
a program upon a uniform assessment ratio and a variable 
tax rate as to base it upon a variable assessment ratio and a 
uniform tax rate. Property escaping taxation is another 
aspect of the problem, but for the sake of clarity the analysis 
may be confined to differences in assessment ratios. 
TasLE 80: ScrooL Ap Moneys IN RELATION TO ASSESSED 
Vavrvarions, ONe-TeacHER Districts aT $900 LEVEL! 
Computed by National Industrial Conference Board 
District 
3 
C 
2 
« 
rue Value 
of Taxable 
Property 
$100,000 
100,000 
100,000 
100,000 
100,000 
100,000 
100.000 
‘er Cent 
»f True 
falue at 
which 
roperty 
A gopoer 
Py 
Assessed 
Taluation 
,70,000 
65,000 
50,000 
55.000 
on 
G5, +) 
40,000 
Tax Rate 
per $100 
Assessed 
aluation 
Local 
Taxes 
1.20 $140 
-20 130 
20 120 
) 110 
: 100 
| on 
1). 20 dl 
Rate on 
True 
Value 
Total 
Aids? 
$0.14 $760 
0.13 770 
0.12 780 
0.11 790 
N10 800 
2.09 | 810 
nN MN 
1 First step as proposed by the State Survey Commission. 
®t State, county, and township aids. 
In order that the relationship between the financial pro- 
gram and differences in assessed valuations may be clearly 
understood, Table 80 was compiled. This table is based upon 
a tax rate for school purposes of $0.20 per $100 of assessed 
valuation, and the ratios of assessed valuation vary between 
$09, and 709%. The ratios are hypothetical, although they