manufactured housing;
assessment
(NOW: mobile homes;
affidavit of affixture)
DPAS/E |
Committee on Commerce and Economic Development |
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DPA S/E |
Committee on Ways and Means |
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DPAS/E |
Caucus and COW |
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DP |
Third Read |
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X |
As Transmitted to the Governor |
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HB 2263
outlines criteria to classify a mobile home situated on leased property in a
mobile home park as real property.
Laws 1997, Chapter 150 took effect January 1, 1999, and allows manufactured homes to be assessed as real property but only if (a) the home is permanently affixed to land which is owned and (b) an affidavit of affixture is filed with the county recorder.
Currently, manufactured homes that are permanently affixed to leased land are considered personal property and are therefore subject to higher rates of mortgage financing and property taxes than real property. Several states currently allow an individual to claim a manufactured home situated on leased land as real property.
f. Legal description of real property where mobile home is located. Outlines requirements.
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45th Legislature
Second Regular Session 2 June
25, 2002
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