The star, 50, reportedly lives just metres from the school which takes pupils aged four to 13.
Jackson was cleared of child abuse in 2005 but, despite this, parents of the 600 children at the school have complained about his choice of residence.
One parent told The Sun newspaper: "Some parents say they don't want their children near Jacko.
"They say he can see the kids getting on the school bus from his house."
Jackson moved back to Las Vegas last year with his children Prince Michael, 11, Paris, ten, and Prince Michael II, six.
According to the newspaper, Jackson is being put up by casino owner Steve Wynn who is trying to persuade the shy star to appear in a comeback show.
Those who live in the area say that the superstar has not been to the school and keeps a low profile, surrounded by a team of bodyguards.
Since the star moved, fans have been congregating outside the gates of his Spanish-style villa.
A school spokesman refused to comment.
Jackson's new compilation album King Of Pop has this week re-entered the top ten of the album chart, from 47.
The album climbed dramatically since contestants on Saturday night's TV talent show X Factor were asked to sing some of the star's hits.
King Of Pop is being released in celebration of Jackson's 50th birthday.