If the incorporation doesn’t affect where the kids go to school in these areas then it’s meaningless. If it does affect where the kids go to school then it’s probably a little meaningful. But a 50% drop? That seems excessive.
So the question is: Would this change affect the choice of schools the residents in the excluded areas would have, or is this just a mailing address issue? If changing a mailing address causes a 50% drop in home prices then all I can do is laugh at the stupidity of it all. I mean, please.