Used mobile homes

From the 2024 DOR Tax Exemption Study

82.08.033; 82.12.033 - Used mobile homes Description The sale, rental, or lease, in excess of 30 days of a used mobile home attached to the land, is exempt from sales and use taxes. Purpose To provide consistent tax treatment for used mobile homes and residential real estate. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $78.348 $88.407 $95.837 $104.016 Local Taxes $35.233 $39.757 $43.098 $46.776 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $81.040 $95.837 $104.016 Local Taxes $0.000 $36.444 $43.098 $46.776 Assumptions - This repeal takes effect July 1, 2024, and impacts 11 months of collections in fiscal year 2025. - Growth rate for mobile home sales mirrors the real estate excise tax growth rates reflected in the Economic and Revenue Forecast Council's March 2023 forecast. - Growth rate for mobile home rentals mirrors the property tax market value growth rates reflected in the Property Tax State Levy Model, March 2023. - Local revenue estimates use the statewide average local sales and use tax rate of 2.92%. Data Sou