House Bill 607 Summary

• Creates an ad valorem tax exemption for owners of manufactured homes or mobile homes who occupy the property as their primary residence for at least five consecutive years at the same location, with exemption amounts ranging from $6.00 to $300.00 based on assessed value.

• Exemption amounts are tiered on a schedule from $1-$150 assessed value ($6.00 exemption) up to $7,351+ assessed value ($300.00 exemption), with one-half of the exemption deducted from school district taxes and one-half from county general fund taxes.

• Provides an enhanced exemption for owners age 65 or older or totally disabled, allowing exemption from all ad valorem taxes on up to $7,500 of assessed value if they meet the five-year occupancy requirement.

• Exemption applies regardless of whether the owner owns the underlying land or how the property is assessed, but individuals claiming this exemption cannot claim the homestead exemption.

• Effective January 1, 2012, for exemptions claimed in the 2012 calendar year with reimbursement beginning in 2013.