Willow Bend Estates, LLC v. Humphreys County Board of Supervisors

COLEMAN, Justice,

for the Court:

¶ 1. The instant case arises out of a dispute regarding local ad valorem taxes on real estate developments that use federal tax credits to construct and maintain restrictive properties that rent only to lower-income households. The question is whether local governments may include the value of federal tax credits in their valuation of the properties for tax assessment purposes. We hold that Mississippi Code Section 27-35-50(4)(d) prohibits them from doing so.

FACTS AND PROCEDURAL HISTORY

¶ 2. Willow Bend Estates and Woodyard Gardens (collectively “Willow Bend”)…