Modular Homes property taxes?
October 18th, 2011 | by admin |I was wondering someone made a comment about the property taxes of modular or double wides home being assessed differently than regular homes. We are looking to get one here soon and would like to know if this is true.
Modular homes can only be placed on permanent foundations and will be assessed as real property and taxed in that manner. Manufactured homes can be placed on a permanent foundation and at that point will be assessed as real property and taxes will be assessed accordingly. They can also be placed on a non permanent foundation and you will pay registration/title fees like a vehicle and pay property tax on the property if you own it.
Modular and manufactured are not inter changeable term. They are a different type construction.
2 Responses to “Modular Homes property taxes?”
By bdancer222 on Oct 19, 2011 | Reply
Depends on the state. Many treat manufactured housing as vehicles. They have titles, not deeds. You literally have to pay annual registration fees. Or you might have to pay personal property taxes or similar ad valorem taxes.
Property taxes would be on real estate. If the modular is permanently fixed to the property and included in the deed, it would be property taxes just like any stick built home.
References :
By Ross on Oct 19, 2011 | Reply
Modular homes can only be placed on permanent foundations and will be assessed as real property and taxed in that manner. Manufactured homes can be placed on a permanent foundation and at that point will be assessed as real property and taxes will be assessed accordingly. They can also be placed on a non permanent foundation and you will pay registration/title fees like a vehicle and pay property tax on the property if you own it.
Modular and manufactured are not inter changeable term. They are a different type construction.
References :