Owners of low-income housing tax credit (LIHTC) properties face an unending struggle to keep their property tax assessments at a reasonable level. The fight continues because local assessing authorities receive little guidance from state legislatures and courts on how to account for the unique characteristics of a LIHTC project. Thus, assessors derive a tax credit project’s assessment from traditional methods of valuing conventional apartments. Unfortunately, this approach can lead to inflated assessments. This article identifies talking points to assist LIHTC owners in demonstrating to assessors the differences between tax credit and conventional apartments, which will ultimately lead to reduced assessments and property taxes.