Oklahoma Courts Rule LIHTCs Exempt from Property Tax Valuations

Oklahoma Courts Rule LIHTCs Exempt from Property Tax Valuations



The impact of low-income housing tax credits on the taxable value of real property had been a subject of controversy in Oklahoma for many years before a recent court ruling definitively stated that the credits are to be excluded from calculations of taxable value [Stillwater Housing Assoc. v. Rose, April 2011]. As a result of this decision, there may be lower tax assessments for many low-income housing properties in Oklahoma.

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