What concept relates to the ability of local districts to fund education based on property values?

The concept that relates to the ability of local districts to fund education based on property values is the taxable property value per student. This measure indicates how much available funding a school district can receive based on the property values within its boundaries. In many regions, local funding for public education primarily stems from property taxes. Higher property values typically allow for greater tax revenue, which can then be allocated to education within that district. As a result, districts with higher taxable property values can generally offer more robust educational resources, facilities, and programs than those in areas with lower property values, leading to disparities in educational funding and opportunities among different districts.

The other options, while they may relate to school funding and equity, do not specifically address the direct relationship between property values and educational funding per student as clearly as the concept of taxable property value per student does.