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.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In 12 USC 1741

  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • State: includes the several States, and Puerto Rico, the District of Columbia, Guam, and the Virgin Islands. See 12 USC 1736