Orange County NC Website
39 <br /> 1 so the value would be less each year for the same manufactured home. Most manufactured <br /> 2 home values from 2020 to 2021 would have depreciated as well. Some manufactured homes <br /> 3 that are considered real property likely had an increase in value due to the 2021 revaluation. In <br /> 4 order for a manufactured home to be considered real property, both the manufactured home <br /> 5 and the land would need to be owned by the same owner, and the home would need to be <br /> 6 affixed on a permanent foundation, with wheels, axles, and tongue removed. The majority of <br /> 7 manufactured homes located in a manufactured home park would be considered personal <br /> 8 property because the resident would own the manufactured home and the park owner would <br /> 9 own the land, so those mobile homes would be considered personal property and would be <br /> 10 valued annually with depreciation. <br /> 11 <br /> 12 Corey Root made the following presentation: <br /> 13 <br /> 14 Slide #1 <br /> noCHCD <br /> a RANGE COUNTY HOUSING&COMM UNITY DEVELOPMENT <br /> County-Wide Manufactured Home Action Plan <br /> June 7,2022 <br /> 15 <br /> 16 Slide #2 <br /> N L\'w U CAi-TUBED HOMES AC HON PLAN <br /> Collaborative effort between Towns and County <br /> Guiding Principles <br /> I. Engagerruent Flndings as fourndatron.for s[rategias <br /> include a variety of strategies to fully address the _ <br /> different issues. <br /> Manufactured housing is an Important source of <br /> naturagyuGcurringafferdaWehousing - - <br /> 1 The Plan Is a living document that will he updated and - <br /> adapted oyer tlme <br /> 17 <br /> 18 Slide #3 <br />