When the federal national mortgage association buys a property are they exempt from paying property taxes on it?

Yes, the Federal National Mortgage Association (Fannie Mae) is generally exempt from paying property taxes on properties it acquires. This exemption applies because Fannie Mae is a government-sponsored enterprise, which allows it to operate without being subject to the same tax obligations as private entities. However, this can vary by state and jurisdiction, so local laws may influence specific tax obligations related to the properties they hold.