Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2015
Property Tax Annotations
420.0000 FEDERAL INSTRUMENTALITIES
420.0005 U.S. Department of Housing and Urban Development. Although HUD is a federal instrumentality, property owned and held by HUD in its "Property Disposition Inventory" is subject to property taxation because of a specific waiver found in Title 12 United States Code section 1714. Thus, under article XIII of the California Constitution, county assessors are required to assess such properties. C 5/2/1986.