Property held in the name of Farmers Home Administration shall be subject to taxation in accordance with Section 512 of the Housing and Community Development Act of 1977, P.L.-95-128. This act amended Title V of the Housing Act of 1949 and states that:

"All property subject to a lien held by the United States or the title to which is acquired or held by the Secretary under this title other than property used for administrative purposes shall be subject to taxation by a State,Commonwealth, territory, possession, district, and local political subdivisions in the same manner and to the same extent as other property is taxed * * *"

Assessment records should reflect this taxable status.