I am not sure if we own real property that is not in use. With the current decline in student enrollment, the state's budgetary woes it might be worth investigating the elimination of excess real property that the district owns to reduce any costs in maintaining the property and taxes. I know we looked at buying some property for a new school many years ago but I think it was opted out of because we just did not have the enrollment.
School districts in California do not pay property tax as school districts are considered public entities. The only ongoing cost with district property is upkeep and maintenance. If the fiscal situation warrants, the district would consider selling property, but it would be considered a one-time savings without the option of utilizing the property if/when future needs warrant. Additionally, because of the existing real estate market, the district might not receive what the full value of the property.