42 U.S.C. § 4525 — Real property taxation
submitted 56 years ago by Pub. L. 91-609 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 50 words · no verdicts yet
Real property acquired through specified Secretary rights remains subject to real-property taxation.
This part does not exempt real property acquired and held by the Secretary* through lien or subrogation rights from real-property taxes. It must be taxed according to its value to the same extent as other real property.
Nothing in this part shall be construed to exempt any real property that may be acquired and held by the Secretary* as a result of the exercise of lien or subrogation rights from real property taxation to the same extent, according to its value, as other real property is taxed.
Source credit: (Pub. L. 91–609, title VII, § 724, Dec. 31, 1970, 84 Stat. 1801.)
- 1970Enacted · Pub. L. 91-609 · 84 Stat. 1801
A history note hasn’t been published yet. The record shows enactment by Pub. L. 91-609 on 1970-12-31.
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