> Finance, home buyers, Manufactured Homes, News Item > MH Should Assess Less than Site-Built
From Canandaigua, New York writing in MPNnow, Don Semifero offers percentages of differences between a site-built and a manufactured home to make his case to the Victor, NY assessor that they should be assessed at different rates. He ticks off the percentages MH owners lose: 2-3 percent for not owning the land and thereby losing upgrade value; another 2-3 percent for not having the storage of an attic or basement; five percent sales tax on MH; the difference between a mortgage and a chattel loan in payments and interest rates, ten percent; MH owner cannot get a home equity loan to upgrade residence (minus five percent), nor claim taxes on income tax return, 7-10%; and MH depreciates like automobiles. MHProNews has learned he suggests an assessment rate of 60-65% of market value.
(Photo credit: TriStar Estates)
Categories: Finance, home buyers, Manufactured Homes, News Item assessment rate, automobiles, canandaigua new york, chattel loan, home equity loan, income tax return, Interest Rates, manufactured home, mh, mortgage, mpnnow, percentages, sales tax, storage, victor nyjayhawks wwe wrestlemania oakland shooting mega millions mega millions winning numbers autism speaks ubaldo jimenez
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