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Posts Tagged ‘percentages’

New MH Development Proposed

November 26th, 2012 Comments off

GooseCreekPatch reports from Berkeley County, South Carolina just north of Charleston, the Berkeley County Commission will hear a request to rezone property from Planned Development Mixed Use to R-2, Manufactured Residential District. The property is in Summerville, SC. As MHProNews knows, South Carolina has one of the highest percentages of people living in manufactured housing in the nation.

(Image credit: GooseCreekPatch)

MH Should Assess Less than Site-Built

June 28th, 2012 Comments off

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)