Title 12, Banks and BankingRelease 119-102

§1750e Taxation

Title 12 › CHAPTER 13 — NATIONAL HOUSING › SUBCHAPTER X — NATIONAL DEFENSE HOUSING INSURANCE › § 1750e

Last updated Aug 21, 2026|Official source

Summary

Any land or buildings the Secretary buys and keeps under this law must be taxed by state and local governments just like other land or buildings. The tax must be based on the property's value.

Full Legal Text

Title 12, §1750e

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”.

Reference

Citations & Metadata

Citation

12 U.S.C. § 1750e

Title 12, Banks and Banking

Last Updated

Aug 21, 2026

Release point: 119-102