Mobile homes - low-value - exemption - legislative declaration - definition
3 rules0 of 5 subsections
(1) The general assembly hereby finds and declares that:
(a)Mobile homes are unique properties that are subject to…#
(a) Mobile homes are unique properties that are subject to the ad valorem tax as if they are real property, but the tax is collected as if they are personal property;
(b)The actual value of mobile homes can be quite low…#
(b) The actual value of mobile homes can be quite low compared to other residential real property improvements;
(c)For these low-value mobile homes, the actual collection…#
(c) For these low-value mobile homes, the actual collection costs attributable to a county assessor and county treasurer may exceed the total amount of taxes collected;