“Property Tax Code On Mobile and Manufactured Homes Changed” plus 1 more |
| Property Tax Code On Mobile and Manufactured Homes Changed Posted: 12 Jan 2011 11:37 AM PST SHELBYVILLE, IL. — For years the Shelby County Board has talked about finding a way to make property tax on mobile and manufactured homes equitable. The Illinois General Assembly approved Public Act 96-1477 which went into effect on January 1, 2011 and changes the tax code on mobile and manufactured homes. "I think this law is long overdue," said County Board member Robert "Rob" Amling. "The people in both types of homes use the same services and yet with that catch in the law that existed before mobile home and manufactured homes paid much less taxes." Amling said many of his constituents complained about the unfairness of this tax law. He said he had a friend who built a stick-built home and complained that he would be paying as much as $3,000 in property tax, while a manufactured home near his was paying $5-600 in taxes. The new tax code (Public Act 96-1477 and is available on the General Assembly's web site) and for purposes of the Act "mobile home" and "manufactured home" are synonymous. The Act reads that a mobile home or manufactured home taxed under the Mobile Home Local Services Tax or as it is called the Privileged tax on January 1, 2011, continues to be taxed under that Act until the home is 1) sold, 2) transferred, or 3) relocated to another parcel outside a mobile home park. If any of these three events occur, then the mobile or manufactured home must be assessed as real property. The new tax code goes on to say a mobile or manufactured home outside a mobile home park assessed as real property on January 1, 2011, continues to be assessed as real property after January 1, 2011. If a mobile or manufactured home is assessed as real property on January 1, 2011, and subsequently is moved to a mobile home park, it no longer is assessed as real property; instead, it is taxed under the Mobile Home Local Services Tax Act. Shelby County Supervisor of Assessments Diana Wagner said the most important aspect of this new tax code is the fact that now mobile and manufactured homes not in mobile home parks will be taxed as real property. "Beginning last January 1, 2011, a mobile or manufactured home installed on private property outside a mobile home park must be installed according to the manufacturer's instructions. In addition, that mobile or manufactured home must be classified, assessed, and taxed as real property." Wagner said it is also important to remember a mobile or manufactured home inside a mobile park is taxed as before under the Mobile Home Local Services Tax Act or as referred to as the Privileged Tax. Illinois State Senator Dale Righter (R-Mattoon) said he supported this legislation but with some reservations. "This is an issue of equity," said Righter. "This legislation had been proposed before and I resisted because I would only support it if the people in these mobile and manufactured homes were grandfathered in." B and B Homes, Inc. in Effingham has been selling mobile and manufactured homes for many years. The sales manager Heather Mumma said she believes this new tax code will actually help their sales. She feels that people are really looking harder at mobile and manufactured homes because of the lower initial construction costs, under-roof construction and timeliness. "In the past, even with all the above-mentioned pluses, many towns may choose to zone our quality-built homes out of their jurisdiction due to losing the tax dollars," said Mumma. "With the new, equal taxation, towns and villages will need to rethink their position and make equal and fair zoning requirements that will specify what amenities they require for ALL homes; not just those built in a factory. In this way, they can provide a way for those folks living in their town or village to build a quality home that both the homeowner and the city can be proud of!" Mumma also feels that with this new tax code folks will be able to obtain financing for a manufactured home easier. "The other major issue that will be alleviated by the new tax laws is the lack of good financing options for a factory-built home," continued Mumma. "In the past, due to the "privilege" taxation, many good, hardworking people couldn't obtain a fixed rate loan. Now, there are 100 percent financing options open and available with up to a 30 year fixed rate." This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| Property assessments prompt tax worries Posted: 12 Jan 2011 10:38 AM PST Property tax assessments have been sent out and some Winnipeggers are shocked at the spike in their home's value — and worried about the anticipated tax hike. River Heights residents Karen Deeley saw her assessment go up nearly $50,000, since the last assessment two years ago, even though there's been no improvements to the house. "Yeah, I don't like that, I don't like that at all. I don't know what's changed, necessarily. The services are ultimately the same," she said. She has calculated that her increase of 21 per cent would translate into an extra $600 in taxes. "Six hundred dollars is a lot more to pay when really, there's not anything that's different," she said. According to the city, average assessment hikes of 12 to 15 per cent are typical this year. They take effect in 2012. Mayor Sam Katz says people shouldn't jump to conclusions when they recieve their new assessment notice. It doesn't necessarily mean their tax bill will go up by the same percentage. The city is still assessing commercial property, and that will influence the overall tax picture, he said. "This [assessment notice] is basically making sure that you're aware of what's going to be happening in 2012, and just giving you an idea. It does not directly relate to an increase," he said. "We don't know that yet." Anyone who wants further explanation about their assessment can call the city's service line at 311 and book an appointment. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
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