Property Tax Alert: North Carolina

November 2006

A manufactured home was arbitrarily and illegally appraised and taxed as real property as opposed to personal property for North Carolina property tax purposes. In reviewing the case, the appellate court noted that manufactured homes appraised after July 1, 2003, are to be taxed as personal property, provided that the manufactured home is located on leased property, the lease term is less than 20 years, and the lease does not contain a provision for the disposition of the manufactured home at the end of the lease. Having met the statutory requirements, the taxpayer's manufactured home constituted personal property and should have been taxed accordingly.

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