ManufacturedAnd Modular Homes

Kenny ChuculateVicki McCartney

Charles DryKim Bohannan

64th Annual Educational Conference For Assessing Officers

And Now ForSomething Completely Different…

WARNING!!!

OK, So What Do You Do With This One?!

Manufactured Homes You Won’t Find In The OTC Manual…

Small, But Definitely UNIQUE!

Contemporary Architecture

“Top 10” Manufactured Home Counties

01,0002,0003,0004,0005,0006,0007,0008,0009,000

Number Of Homes

OklahomaClevelandTulsaDelawareCreekCherokeeRogersWagonerPayneMcIntosh

8,9 5

1

7,4 7

3

7,2 5

5

6,9 8

9

6,3 6

4

5,0 0

8

4,7 2

2

4,6 5

0

4,2 3

4

4,1 6

9

Manufactured Home Statistics:There Are 66,512 Manufactured Homes On The Rolls As Personal Property, Or 41% Of The TotalThere Are 96,472 Manufactured Homes On The Rolls As Real Property, Or 59% Of The Total

Manufactured Home Statistics:Statewide For 2007, There Were 163,269 Manufactured HomesStatewide For 2008, There Are 162,984This Represents A Decrease Of 285 Manufactured Homes, Or -0.17%

Manufactured Home Statistics:

Total Fair Cash Value For Manufactured Homes For 2007 Is $2.89 BillionTotal Fair Cash Value For Manufactured Homes For 2008 Is $3 BillionIncrease Of $120 Million, Or 4%

Manufactured Home Statistics:

2007 Estimated Tax: $28,425,0102008 Estimated Tax: $30,160,155

Issuing New Original TitlesEffective November 1, 2007For Titles Properly CancelledAffidavit of OwnershipTitle to Real PropertyNo Security Interest or LiensClean Title Opinion

Modular HomesNot Subject To Ad Valorem TaxSubject To Sales TaxFirst 45% Of Sales Price Is Exempt From Sales TaxClassify As Real PropertyNo 936 Needed To Transport

Travel TrailersBuilt On A ChassisUsed For Travel, Recreational Or VacationNot To Exceed 8 Feet Wide And 40 Feet LongSubject To Title And RegistrationExempt From Ad Valorem Tax If CurrentlyRegistered

Cancellation of Title Using MSOMust Use MV Form 756Submitted To Assessor With MSOCopy Of Size And Weight PermitAssessor May Sign Form IF All Criteria Are MetTitle Not Cancelled Until FL 756 Is Received

Motor Vehicle Form 756:Provided By OTC Or MLA OnlySigned By OTC Or MLAOfficial NoticeAccept No Other DocumentQuestions: Call OTC Motor Vehicle DivisionRef: OTC MV Rules 710: 60-3-133

Thought For The Day…

“Just Remember, You Can’t Have Five Wolves And One Sheep Voting On What To Have For Dinner!”

Larry Flint

If You Have Any Complaints,Just “Take A Number!!!”

And With That,We’ve Done All The Damage We Can Do!!!