How Are Title And Registration Fees Paid On A Mobile Home?
Nobody likes to pay taxes. Buy, just like many citizens, we rationally accept that they are the basis on which the solidarity pact governs our entire collective life. Taxes have also been an effective redistribution instrument of wealth and have served to pay policies that reward those who have contributed most to their effort to our individual and collective emancipation. In this sense, we accept and applaud them, and we are willing to increase our contribution to the coffers collective in times of crisis and difficulties.
Taxes are contributions that people and companies must make, enforced by law, for the State to have sufficient resources to provide the goods and public services that the community needs. Taxes are important because the State can obtain resources to be able to provide education, health, security, justice, public works, the fight against poverty, and the impulse of economic sectors that are fundamental to the country and support the ones most in need.
But what if real estate taxes are becoming unaffordable? What are your options?
One of the main reasons why people buy mobile homes in Florida is due to the lack of real estate taxes, but of course, mobile homes have their own set of taxes and registration fees that the owner must pay. In this article, I am going to explain how mobile home registrations are paid.
When buying a mobile home on leased land in Florida, have you been confused about how much the title and registration fees will cost you to get the mobile home in your name and out of the Seller’s name?
It was very difficult for me too, but luckily we have been able to crack the code on this one.
Now, before we get started, I will first give you the general disclaimer here that I am not a tax professional. I do not work for the Florida Department of Revenue, I am not an attorney and I did not work for the Department of Motor Vehicles.
Let’s look at how the fees are assessed for the registration and title of a mobile home on leased land here in Florida.
Within the state of Florida, everything is based on the length and width of a mobile home. The age and features of the home do not matter whatsoever when assessing the correct fees needed to be paid for the title and registration of the mobile home.
As a quick review, when buying a mobile home in Florida on leased land, please remember that we are just buying the home and not the land it sits on as we have discussed in the past, we are buying personal property and not real estate. Since we are buying personal property, then all the fees will need to be paid directly to your local Department of Motor Vehicles.
As of this writing, the fee to title a mobile home on leased land in Florida is $78.25 per side of the home This is per side of the home. If you were to buy a double-wide, it would be double this price or a triple-wide would be triple that cost.
Does this make sense so far? Okay, good!
Next, we need to register the mobile home in your name as you are the new Buyer. For those who do not know what registration means, each year you will get dated stickers that need to be placed on the front of your mobile home. These look exactly the same as the ones that you put on your vehicle license plate in the upper right-hand corner. The reason for this is that in Florida, a mobile home on leased land is viewed as and taxed as a used motor vehicle which essentially is why they use the same stickers I’m sure.
Registering the home is based on the length of the home itself and how long you are looking to get the home registered for. The length of the home can be found in the actual title itself.
Now the length of time will be based on when the year you purchased the home. If you are buying a home in January, then you may be paying a different amount than if you are buying the home say in July.
After working with several members of the local Department of Motor Vehicles, no one can tell me exactly how this is figured out. However, here at The Mobile Home Dealer were able to obtain the sheet that gives the exact amount, and we will be happy to walk you through this. To do this just get in contact with us through the comments here, or reach out to us directly on our website at sellmobilehome.com.
When purchasing a mobile home, it is of utmost importance that you are getting the home out of the Seller’s name and in your name as the Buyer, as soon as possible. Not only to make sure the paperwork is correct but also to avoid some of the late fees that the Department of Motor Vehicles will impose on you if you do not get the title switched to your name within 30 days.
Mobile home registration fees can vary depending on the state you live in. Generally, these fees are meant to cover administrative costs associated with the registration of your mobile home. In some states, you may need to pay a one-time registration fee when you purchase your mobile home. This fee is based on the size of your home and could range from $50 to $150. Other states may require an annual registration fee, usually ranging from $10 to $50 or more. In some cases, you may be eligible for a discounted fee if your mobile home was built before a certain date. If you’re unsure about the registration fees for your state, contact your local Bureau of Motor Vehicles for more information.
I hope this all helped you get a better idea of exactly how the title and registration fees work for the purchase of a mobile home on leased land here in Florida. We are always here to help.
This is Mark Kaiser with the Mobile Home Dealer and we help mobile home Buyers and Sellers get to a better place in life.