In Re Equalization Appeal of Ottawa Housing Ass'n, Lp

Gernon, J.:

The Ottawa Housing Association, L.P. (Ottawa Housing) appeals the district court’s decision approving the Board of Tax Appeals’ (BOTA) valuation of Ottawa Housing’s low-income housing apartment complex.

Ottawa Housing owns a 72-unit apartment complex in Ottawa, Kansas. This complex was built under a contract with the federal government to provide low-income housing. The contract provides Ottawa Housing with tax credits, and, in return, Ottawa Housing is required to rent the apartments at a reduced rate to persons who earn less than 60% of the median income for Franklin County. This…