Title 12 — Banks and BankingRelease 119-73not60
§1747j Taxation of Real Property
Title 12 › Chapter 13— NATIONAL HOUSING › Subchapter VII— INSURANCE FOR INVESTMENTS IN RENTAL HOUSING FOR FAMILIES OF MODERATE INCOME › § 1747j
Summary
States must tax real property the Secretary holds under this subchapter based on its value, just like other property.
Full Legal Text
Title 12, §1747j
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” wherever appearing.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1747j
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60