What is the difference between a trailer park and a mobile home park?

Sometimes, these homes are referred to as “trailers,” hence the confusion in calling a mobile home park a trailer park. Mobile homes are built on a steel chassis with wheels. Both are built in a factory and both are built to be moved. However, unlike a trailer, a mobile home is built for a more permanent residence.

Is it worth buying a mobile home in a park?

Mobile homes placed in mobile home parks typically decrease in value over time. On the other hand, land normally appreciates over time. So, if you own land and build a traditional home or, in some cases even place a mobile home on the land, the value will normally appreciate.

Is a mobile home considered real property in Washington state?

In Washington, manufactured homes are generally classified as real property for property tax purposes with the exception of for tax collection purposes when the home is moved or in transit.

Can a mobile home park take your mobile home in Ohio?

Usually, you own the mobile home and rent the lot. If you are evicted you could end up losing your home. Because so much is at stake, Ohio law says that the park operator has to have a good reason to evict you like not paying rent or a “material violation” of the park rules.

Is a manufactured home the same as a mobile home?

So what’s the difference? It’s all in the date. Manufactured homes and mobile homes are both regulated by HUD, the Housing and Urban Development division of the federal government. According to HUD, a factory-built home prior to June 15, 1976 is a mobile home and one built after June 15, 1976 is a manufactured home.

Do you pay property taxes on a mobile home?

If you own a manufactured or mobile home that is not attached to a permanent foundation, you must pay personal property tax on it. The assessor’s office will assess your home and mail your personal property tax bill in the spring. To learn more, please review the Mobile Homes Taxpayer Guide.