Monday, September 16, 2013

Tax on Our Lots


One of our research-oriented residents just sent me this note ... 

I just confirmed with the Assessor's Office that any lot will be taxed at the same rate as the mobile home (providing the purchase price was at fair market value.)

We live in Tax Code Area 052-013 if anyone wants to look it up.  To keep the math simple, if one presently pays tax on a home assessed at $100,000, and buys a $200,000 lot, the amount of tax they presently pay would triple.