Title 12, Banks and BankingRelease 119-102

§1714 Taxation

Title 12 › CHAPTER 13 — NATIONAL HOUSING › SUBCHAPTER II — MORTGAGE INSURANCE › § 1714

Last updated Aug 21, 2026|Official source

Summary

Real property that the Secretary acquires and keeps under this part of the law must be taxed by any State or local government. It must be taxed the same way and based on its value as other real property.

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

Aug 21, 2026

Release point: 119-102