Is The Land My Manufactured Home Sits On Eligible For The 3% Cap On Taxes?If you own both the land and the manufactured home, and occupy the manufactured home as your primary residence you are eligible for the 3% tax cap on the land and manufactured home. This applies even if the manufactured home has not been converted to real property.
If you own the manufactured home but not the land, the manufactured home is eligible for the 3% tax cap. The cap level for the land would be determined based on the space rent charged.
If you own the land but not the manufactured home you would not be eligible for the 3% tax cap unless the space rent is less than the HUD median market rent.
If you own the land and the manufactured home but they are a rental, you are eligible for the 3% tax cap only if the rent you are charging is equal to or less than the HUD median market rent.