Senate Bill 2141 Summary

• Provides an ad valorem tax exemption for owners of manufactured homes or mobile homes who occupy them as their primary residence for at least two consecutive years at the same location, regardless of land ownership or assessment method.

• Establishes a tiered exemption schedule based on assessed value, ranging from $6.00 for homes valued at $1-$150 up to $300.00 for homes valued at $7,351 and above.

• Exemption is split equally between school district taxes (one-half) and county general fund taxes (one-half).

• Prohibits claiming this exemption if the person claims a homestead exemption under existing homestead exemption law.

• Provides enhanced exemption of up to $7,500 of assessed value for owners age 65 or older or totally disabled, with detailed proof requirements for disability claims.