How is my mobilehome taxed?

Mobilehomes manufactured and sold new prior to July 1, 1980 are usually subject to an annual state vehicle license fee (VLF). Mobilehomes manufactured on or after that date and those permanently fixed to the land are subject to local property taxation. The sale of new mobilehomes and the resale of used mobilehomes subject to the VLF are also subject to a sales tax. Homeowners may have to pay property taxes on their mobilehome accessories (carports, cabanas, etc.), depending on the value of the accessories. In newly developed parks or spaces, new buyers may also have to pay a school impact fee. Mobilehome owners in parks may also be subject to a rent ‘pass through’ of certain government fees, such as rent control space fees or park inspection fees.

Resource: What Every Mobile Home Owner Should Know, published by the Senate Select Committee on Manufactured Home Communities. 

Free Tax Help

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There are more than 1,000 centers statewide that are opening their doors as Volunteer Income Tax assistance for the elderly. These locations offer free help with tax form preparation. For more information on where these are located you can call 800-522-5665 or you can e-mail volunteercoordinator@ftb.ca.gov

With Tax Season Upon Us we need to Be Informed. Who has to File?

It comes down to more than just earned income when determining if you need to file taxes. Other circumstances include: age, if your income was earned from social security, if anyone can claim you as a dependent and your filing status.

In some cases even if your income is under the required amount it is in your best interest to still file. If, for example, you had a part time job for a portion of the year and you had federal taxes withheld, you could be eligible for a refund. If you don’t file then you will never see this money.

For more information about filing your taxes visit http://www.irs.gov/publications/p17/ch01.html#d0e5173

 

New Taxes. Beginning January 1, 2013 there will be several tax increases to Fund Health Care that you should be aware of.

The government will begin collecting billions of dollars from tax increases beginning January 1, 2013. They include, but are not limited to: an increase in the payroll tax on wages, a tax on investment income and a new tax on medical devices.

The statewide sales and use tax will increase .25% and will apply for four years.

Payroll taxes will increase .9% for an individual who earns over $200,000 a year and for couples who earn over $250,000.  People who fall into this category will also be facing an additional Tax of 3.8% on investment income.