Mobile homes in dealer's inventory

From the 2024 DOR Tax Exemption Study

84.36.510 - Mobile homes in dealer's inventory Description Property tax does not apply to mobile homes in a dealer's inventory and held solely for sale in the ordinary course of the dealer's business. The exemption does apply to taxes already levied or delinquent on the mobile home when it becomes part of a dealer's inventory. Purpose Helps make Washington competitive with neighboring states that eliminated personal property taxes on business inventories. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.054 $0.057 $0.061 $0.064 Local Taxes $0.159 $0.174 $0.191 $2.090 Repeal of Repealing a property tax exemption would not increase state revenues. A repeal exemption shifts the state property tax to the currently exempt taxpayers and reduces the tax burden of other taxpayers. It may decrease the local rate and possibly result in local taxing districts at their statutory maximum rate experiencing a revenue increase. Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.005 $0.011 $0.012 Assumptions - Total estimated exempt value is $24.3 million. - This repe