 Snow storm again (by Pat [VA]) Jan 16, 2022 4:24 PM
 Snow storm again (by Plenty [MO]) Jan 16, 2022 4:41 PM
Snow storm again (by Richard [MI]) Jan 16, 2022 4:48 PM
Snow storm again (by Pat [VA]) Jan 16, 2022 4:52 PM
Snow storm again (by Ray-N-Pa [PA]) Jan 16, 2022 5:20 PM
Snow storm again (by Robert,OntarioCanada [ON]) Jan 16, 2022 5:35 PM
Snow storm again (by 6x6 [TN]) Jan 16, 2022 5:38 PM
Snow storm again (by 6x6 [TN]) Jan 16, 2022 5:39 PM
Snow storm again (by 6x6 [TN]) Jan 16, 2022 5:42 PM
Snow storm again (by Pat [VA]) Jan 16, 2022 6:12 PM
Snow storm again (by Ken [NY]) Jan 16, 2022 6:29 PM
Snow storm again (by Ray-N-Pa [PA]) Jan 16, 2022 6:42 PM
Snow storm again (by MAP [NY]) Jan 17, 2022 4:01 PM
Snow storm again (by Pat [VA]) Posted on: Jan 16, 2022 4:24 PM
Message:
Round #2 Hoping we don't lose power again but we did spring for a new small generator just in case.
Good day to work on taxes (DH). I'm still toying with the earlier topic of titles vs real property as far as paying taxes on the rentals is concerned.
I did a little research on ours, found this example for your consideration:
Unit #1 1995 14 x 76 singlewide large porch on 0.65 acre lot with well/septic, cinderblock underpinning. Taxed as real property $277.16 for year.
Unit#2 1992 14 x 76 singlewide standard porch on 0.66 acre lot (adjacent to #1), with septic (uses other well), vinyl roofing material from Lowes as underpinning (recommended by a landlord on this site). Taxed as personal property , $45.45 for trailer and $93.08 for land/septic/porches for total of $138.53!!
As you can see, that is a difference of $138.63. Right at HALF.
Am I going to apply for and convert all of my doublewides and singlewides to titles? I doubt it, but there is a difference. --71.219.xxx.xxx |
Snow storm again (by Plenty [MO]) Posted on: Jan 16, 2022 4:41 PM
Message:
That's a savings. In my area my personal property tax on the mobile homes are $219 a year, vs same size real estate at $1000. --172.58.xxx.xx |
Snow storm again (by Richard [MI]) Posted on: Jan 16, 2022 4:48 PM
Message:
Pat,
Around here to get a trailer separated from the land (if it has been combined in the past) I go to the county assessor and file a "Notice of Detachment". It's a form they have/provide. It separates the trailer from the land. Then go to the DMV and get a new title. If the assessor/tax people don't have a copy of the old title, DMV will tell you what to do. ID numbers are often stamped on the trailer frame near the front. (No guarantee on that though). --75.7.xx.xx |
Snow storm again (by Pat [VA]) Posted on: Jan 16, 2022 4:52 PM
Message:
I guess our taxes are still reasonable compared to a lot of areas, helps us keep our rents affordable with low turnovers. (until last year)
Forgot to add, Unit #1 rents for 675.00 Unit #2 rents for $650.00 --71.219.xxx.xxx |
Snow storm again (by Ray-N-Pa [PA]) Posted on: Jan 16, 2022 5:20 PM
Message:
The same storm you are enjoying we will be enjoying to night. They are calling for 12-14 inches tonight BEFORE the Lake Effect Snow kicks in.
Living the dream I tell you.
A trailer is a trailer is a trailer. That double wide might even set on a basement - but it is still Mobile. So around here these places actually have the taxes lowered as they get older. The land in which they sit on tends to go up a little bit but based on taxes alone, you can make an honest buck with them - especially if you are buying them right --24.101.xxx.xxx |
Snow storm again (by Robert,OntarioCanada [ON]) Posted on: Jan 16, 2022 5:35 PM
Message:
Tomorrow the weather reports are 5 cm to 10 cm of snow where the temperature is going up from the extreme cold. Only building materials here are imperial where worst case in imperial is 4 inches of accumulation. Sometimes it does not snow where will have to find tomorrow as going out of town. --99.236.xxx.xxx |
Snow storm again (by 6x6 [TN]) Posted on: Jan 16, 2022 5:38 PM
Message:
How can they tax personal property, especially if it has a title like a car?
I guess they find some way to get their tax dollars. --73.120.xx.xxx |
Snow storm again (by 6x6 [TN]) Posted on: Jan 16, 2022 5:39 PM
Message:
Ray, get out the sleds!
Go hang out with the neighborhood kids. --73.120.xx.xxx |
Snow storm again (by 6x6 [TN]) Posted on: Jan 16, 2022 5:42 PM
Message:
Ray, come to think of it, you could build an igloo and rent it out. --73.120.xx.xxx |
Snow storm again (by Pat [VA]) Posted on: Jan 16, 2022 6:12 PM
Message:
There is a company with a website named IBTS, you fill out a request with them to get the serial number and manufacturer name, if you do not know it.
Choose between urgent (3 business days $100.00) or 10 business days $50.00.
You do need the numbers off of the HUD plate on the end of the unit. We can apply to Virginia DMV, it has the forms and questions you need to answer. Problem for me might be not having a former title number, and no name of a dealer, but namely I want to make sure there are no old liens on it as it wasn't even mentioned in any of the paperwork on the foreclosure! We've been renting it out since 2014!
You can also get a replacement wind/weather zone sheet if needed. They are often missing from closets/cabinets. But I don't care about that. --71.219.xxx.xxx |
Snow storm again (by Ken [NY]) Posted on: Jan 16, 2022 6:29 PM
Message:
Taxes on those examples in my area would be $2000 easy by the time i paid county,town and school --72.231.xxx.xxx |
Snow storm again (by Ray-N-Pa [PA]) Posted on: Jan 16, 2022 6:42 PM
Message:
If you bought the place from HUD, FHA or the USDA - they typically retire the title for you after they take it back. It can be recorded at the county level.
Like your place, the DMV can retire it, for a fee if it isn't tired already --24.101.xxx.xxx |
Snow storm again (by MAP [NY]) Posted on: Jan 17, 2022 4:01 PM
Message:
What Ken said. NYS sucks! --72.231.xxx.xx |
Reply:
|
|