Senate Bill 2226 Summary

• Provides ad valorem tax exemptions for manufactured home and mobile home owners who occupy the property as their primary residence and have done so at the same location for at least two consecutive years, regardless of land ownership or assessment method.

• Establishes a tiered exemption schedule based on assessed value, ranging from $6.00 exemption for properties valued at $1-$150 up to $300.00 for properties valued at $7,351 and above, with one-half applied to school district taxes and one-half to county general fund taxes.

• Provides additional full exemption on up to $7,500 of assessed value for homeowners age 65 or older or those who are totally disabled and have occupied the home at the same location for at least two consecutive years.

• Prohibits claiming both the manufactured home exemption and the homestead exemption simultaneously.

• Effective January 1, 2010 for exemptions claimed in 2009 and subsequent years.