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Mobile Home Value Determination
Mobile or manufactured homes not converted to real
property are considered personal property. To determine taxable value, the
Personal Property Manual used by the Assessor divides mobile/manufactured
homes into two categories, as required by statute.
- Homes Sold Prior to July 1,
1982
The Assessor uses the retail selling price when sold to the original
owner, less depreciation at five (5) percent per year to a maximum
depreciation of 80 percent of the original acquisition cost.
- Homes Sold on or after July,
1982
The Assessor uses the acquisition cost to the original owner adjusted by
the cost factor, less depreciation at five (5) percent per year to a
maximum depreciation of 80 percent of the original acquisition cost.
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