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Georgia General Assembly Passes LIHTC Valuation Bill

Friday, March 31, 2017 - 9:45AM

The Georgia General Assembly today passed a bill to provide guidance to tax assessors determining the fair market value of low-income housing tax credit (LIHTC) properties. H.B. 196 provides that any income tax credits attributable to a property may be considered in determining the fair market value of the property if the tax assessor uses comparable sales of property and the income tax credits generate actual income to the record holder of title to the property. All laws and parts of laws that conflict with the bill would be repealed. 

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