Title 12 — Banks and BankingRelease 119-73not60
§1741 State Taxation of Realty Held by Secretary
Title 12 › Chapter 13— NATIONAL HOUSING › Subchapter VI— WAR HOUSING INSURANCE › § 1741
Summary
Property the Secretary acquires under this subchapter is taxed by States and local governments like other real property.
Full Legal Text
Title 12, §1741
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”.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1741
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60