Valuation of income-restricted (LIHTC) senior housing
Summary
A multi-year court fight over the apartment complex's taxable value cap continues, with a judge recently ruling in the owner's favor on the 2024 cap. The board kept the assessor's 2026 value in place while the assessor appeals, meaning the final number will likely be decided in court.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jul 31, 2026.
Impact analysis
The value dropped from $5.64 million to $5.2 million, trimming the property's tax bill.
Ultimately whichever party prevails in the pending appellate litigation over the cap value.
Mentions & discussions (2)
Equalization Board - Special - Jul 31, 2026
A multi-year court fight over the apartment complex's taxable value cap continues, with a judge recently ruling in the owner's favor on the 2024 cap. The board kept the assessor's 2026 value in place while the assessor appeals, meaning the final number will likely be decided in court.
Equalization Board - Special - Jul 17, 2026
The Moore senior apartment complex shows how hard it is to value rent-restricted, tax-credit housing — the board weighed the 2024 sale price, restricted rents, and higher operating costs before cutting the value to $5.2 million.
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