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Rent vs Buy in 92223 : Real Estate Advice

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Wed Sep 29, 2010
Toni Anderson answered:
It would depend on the home. If it is permanantly attached to the land it would be taxed as real property which gives you a real estate homeowners exemption and a smaller maintenance fee. If the Manufacctured home is not permanatly attached, it would be considered personal property and you would pay tax as if it were a vehicle and taht would include tags, and a Lot rent, that could be increased by the park on a regukar basis. The lot rent would not be tax deductible in most cases. Consult with your Tax preparer as to the difference for your own personal situatuion, but most people have found that a tax credit as a homeowner is better by far than paying lot rent and a write off of tags. I am from the Beaumont area and would be happy to assist you with the ins and outs of manufactured homes. We have some great senior parks in our area.
Feel free to contact me;
ToniAnderson@tarbell.com
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