Senate Bill 2263 Summary

• Creates an ad valorem tax exemption for manufactured home and mobile home owners who occupy their home as a primary residence at the same physical location for at least two consecutive years, using a tiered schedule based on assessed value (ranging from $6.00 exemption for homes valued $1-$150 to $300.00 for homes valued $7,351 and above).

• Exemption applies regardless of whether the owner owns the land beneath the home or how the property is assessed, with half the exemption coming from school district taxes and half from county general fund taxes.

• Prohibits claiming this exemption if the owner already claims a homestead exemption.

• Provides an additional exemption of up to $7,500 of assessed value for owners age 65 or older or those who are totally disabled, with no tax owed on that amount.

• Takes effect January 1, 2014 and applies to exemptions claimed in 2014 and subsequent years.