12 USC § 1706b - Taxation of real property held by Secretary

---
identifier: "/us/usc/t12/s1706b"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 1706b - Taxation of real property held by Secretary"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "1706b"
section_name: "Taxation of real property held by Secretary"
chapter_number: 13
chapter_name: "NATIONAL HOUSING"
subchapter_number: "I"
subchapter_name: "HOUSING RENOVATION AND MODERNIZATION"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(June 27, 1934, ch. 847, title I, § 7, as added June 28, 1941, ch. 261, § 7, 55 Stat. 365; amended Apr. 20, 1950, ch. 94 title I, § 122, 64 Stat. 59; Pub. L. 90–19, § 1(a)(3), May 25, 1967, 81 Stat. 17.)"
---


# § 1706b. Taxation of real property held by Secretary

Nothing in this subchapter shall be construed to exempt any real property acquired and held by the Secretary in connection with the payment of insurance heretofore or hereafter granted 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.

---

**Source Credit**: (June 27, 1934, ch. 847, title I, § 7, as added June 28, 1941, ch. 261, § 7, 55 Stat. 365; amended Apr. 20, 1950, ch. 94 title I, § 122, 64 Stat. 59; Pub. L. 90–19, § 1(a)(3), May 25, 1967, 81 Stat. 17.)

## Editorial Notes

### Amendments

1967— substituted “Secretary” for “Commissioner”.

1950—Act , substituted “Commissioner” for “Administrator”.