Title 12 — Banks and BankingRelease 119-73not60
§1714 Taxation
Title 12 › Chapter 13— NATIONAL HOUSING › Subchapter II— MORTGAGE INSURANCE › § 1714
Summary
Property held by the Secretary under this subchapter is taxed like other property, by its value.
Full Legal Text
Title 12, §1714
Banks and Banking — Source: USLM XML via OLRC
Nothing in this subchapter shall be construed to exempt any real property acquired and held by the Secretary under this subchapter from taxation by any State or political subdivision thereof, to the same extent, according to its value, as other real property is taxed.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1967—Pub. L. 90–19 substituted “Secretary” for “Commissioner”. 1950—Act Apr. 20, 1950, substituted “Commissioner” for “Administrator”. 1938—Act Feb. 3, 1938, corrected error in spelling of “subdivision”.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1714
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60