How are manufactured homes taxed in Tennessee?

Manufactured homes in Tennessee are primarily taxed as personal property unless they undergo a reclassification process. This means that unless the owner takes specific steps to have the home classified as real estate, it will be treated as personal property for tax purposes, which often involves a different tax rate and implications for ownership.

When a manufactured home is considered personal property, it is usually subject to different tax statutes than real estate, which is typically tied to land and permanent structures. If an owner wishes to have their manufactured home taxed as real estate, they must meet certain criteria, such as placing the home on a foundation and applying for reclassification with the local property assessor.

This classification is important for taxation because it reflects the nature of the property and affects the tax obligations of the owner. Understanding this distinction can help homeowners make informed decisions about their manufactured homes in terms of taxes and property rights.