VALDOSTA – Heron Lake II Apartments is suing the Lowndes Co. Board of Tax Assessors over whether the value of tax breaks can be taxed by a local government.

At issue is a Georgia that statute prohibits tax assessors from considering tax credits given to low-income housing properties when determining a property’s value for the purpose of taxing it.

Heron Lake II Apartments, L.P. receives federal and state low-income housing tax credits for leasing to low-income tenants at below-market levels.

The Lowndes County Board of Tax Assessors filed a suit claiming that was unconstitutional.

Read more.