Because when every property is worth millions of dollars, and even a parking space goes for half a million, the school could easily be funded using property tax well beyond what it even needs.

Instead, the school never has enough money to fund education. Teachers get paid below national averages. Test scores are below state and national averages. And then the school district asks for more money by placing the burden on everyday working class people just buying food or whatever (who dont own property worth millions of dollars) and tourists (who can be discouraged from visiting under increasing taxation) to primarily educate the children of the people who own property worth millions of dollars.

If you dont find that absurd then I dont know what to tell you