I just purchased my manufactured/mobile home for less than the assessed value. How can my value be more than I paid for it?
Market value of your home is not necessarily determined by its purchase price. The sale must meet the definition of fair market value. Market Value means the amount of money a willing buyer, not obligated to buy would pay a willing seller, not obligated to sell. (WAC 458-14-005) Distress sales, sales of repossessed homes, estate sales and relative sales are not typically considered as representing fair market value. When a manufactured or mobile home is sold and it has to be removed from a site, the sale price is typically discounted to reflect the cost of moving and resetting the home.

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1. How do I verify that a manufactured/mobile home has been moved only once?
2. Why isn't my manufactured/mobile home value going down annually? Shouldn't it depreciate like a car?
3. Isn't the N.A.D.A. or Blue Book a better indication of the value of my manufactured/mobile home?
4. I sold my manufactured/mobile home two years ago and I'm still getting the tax statement. What should I do?
5. I just purchased my manufactured/mobile home for less than the assessed value. How can my value be more than I paid for it?