Section 53G-4-407 - Tax exemption of school board property(1) Real and personal property held by a local school board is exempt from general and special taxation and from local assessments.(2) This property may not be taken in any manner for debt.Renumbered from § 53A-3-408 by Chapter 3, 2018 General Session ,§ 48, eff. 1/24/2018.Enacted by Chapter 2, 1988 General Session