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How much is the ‘school district premium’?

By Jonathan Morales
Tuesday, March 30th, 2010 at 9:42 am in Lafayette, Lamorinda, Moraga, Orinda, Schools.

Acalanes school district officials have been arguing recently, as they did in November, that paying parcel taxes to support schools is a good investment. Higher quality schools, they say, result in higher property values which means more money if and when you ultimately sell your house.

Here’s a San Francisco Chronicle article that seems to suggest they’re right, dubbing this the “school district premium.” Some real estate agents believe a good school district can represent 10 to 25 percent of a home’s resale price, according to the article.

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