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Assessor's Manual, Volume 4, ExemptionAdministration

Exemption Administration Manual - Part 2
Multiple Dwellings

Section 4.07

Public Housing and Private Subsidized Housing
(Multiple Dwellings)

Preceding the Exemption Profiles for multiple dwelling exemption statutes, five summary charts are presented. These outline the eligibility requirements that must be met to qualify property for exempt status.

Chart IA -- Ownership, Location, and Construction Date Requirements

Eligibility requirements are summarized for the four basic types of housing projects that may qualify for exemption: (1) low-income or moderate-income housing, (2) middle- income housing, (3) housing and other facilities for special groups, and (4) special- purpose housing projects.

The chart defines the type of owner required by each housing exemption law and describes any statutory limitations on lessees, former owners, location of the property, dates of construction, and, where applicable, the type of tenant that must occupy the property or the specific type of project that qualifies for exemption. It also references the law section of the Exemption Profile that should be referred to for detailed information on eligibility requirements. An exemption number is given at the right of the chart as an aid in reading Chart IB.

Chart IB -- Property Use Requirements

This chart summarizes, by statute the type of owner, the purpose for which the property must be used to qualify it for exemption. Where there are statutory limits on tenant income, these are indicated (with reference to Chart ID).

Chart IC -- Organizational Requirements

In this chart the various types of housing companies that may qualify for exemption are described in terms of how they must be organized. The chart gives the law or laws under which each must be incorporated and summarizes the extent to which each company's certificate of incorporation must limit its corporate purposes or activities.

Chart ID -- Tenant Income Limits

Here the tenant income limits referred to in Chart IB are described by type of housing or tenant. Chart ID also indicates the actions that each type of housing company must take when tenant income exceeds the statutory limit.

Chart IE -- Definitions of Low-Income Persons or Families

This chart defines what is meant by low-income persons or families. Various definitions exist in the laws that authorize real property tax exemptions for multiple dwelling property.

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