Wisconsin Mobile Homes And Property Taxes
If you own a mobile home and you live in Wisconsin there are a few things you ought to know if you dont already. They have to be assessed once in five years and this means that their market value and the assessed value fall within a 10% bracket. These homes can fall under real property or personal property in this state when they are assessed. The assessment is from the exterior only and does not include the inside though doing an assessment of the insides is a good thing.
A real property is classified thus when your mobile home stands on your own piece of land on a foundation. If you do not own the land and it is someone elses or a public mobile home park your home is classified as personal property. In this case the mobile home is usually on wheels though if it does have wheels and is on your own land you pay the tax. Personal property is not subject to taxation so this goes for campers and recreational vehicles as well.
In Wisconsin or in any other state for that matter property laws concerning mobile homes are a bit funny. It takes a lot before you pay property tax and very often even if you feel you might be taxed youll find that your mobile home is not assessed as being taxable. The size of the mobile home also comes into play when taxes are levied and there has to be a minimum area before it can be taxed. Thats because there is a law stating that a dwelling can only be taxed if it is more than a certain area.
In a mobile park if you pay the parking charges there is no need for you to pay property tax. And this is because it is then obvious that you do not own the land on which it stands. But though the mobile home is then personal property and no property tax is levied the parking charges may just be a sizeable sum.
In fact you could very well have a whole lot of utilities have your mobile home on a foundation and have a large mobile home but once you pay that parking charge you are exempt from property tax. Of course if a dealer has mobile homes lined up for sale on a property he does not have to pay any tax on them!