MOBILE HOMES

The true tax value of mobile homes assessed under IC 6-1.1-7 other than mobile homes subject to the preferred valuation method under IC 6-1.1-4.39 it to be the least of the values determined by the following:

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• The National Automobile Dealers Association Guide (NADA)

• The purchase price of a mobile home if:

  • the sale is of a commercial enterprise nature; and​

    • the buyer/seller are not related by blood or marriage

  • the sale date is within one year prior to the January 1 valuation date; or 

    • sales data for generally comparable mobile homes​

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2024 Note

Values are likely to increase sharply given sales observations and NADA illustrating this as well; while also having been quite conservative in years past.