For as long as they've existed, mobile homes have been at the
butt end of a Rodney Dangerfield one-liner: They don't get no
respect. Now, the S.C. General Assembly has put mobile homes on the
road toward respectability.
Gov. Mark Sanford last week inked into law a bill that taxes
mobile homes on private lots as real property instead of personal
property. For the first time, S.C. landowners who live in mobile
homes will pay a single property tax bill on dwelling and land, just
like folks who live in stick-built houses.
This is a classic case of reason catching up, at long last, with
reality. Most mobile homes are trucked to the site in sections and
assembled atop concrete foundations similar to those under
stick-built homes. They have the same amenities as stick-built
houses. Some are similar in size and design to stick-built
homes.
Yet because the S.C. tax law on mobile homes was written when
most mobile homes could be hitched to a car and towed away, modern
mobile homes were taxed as personal property. The financing for
mobile homes also is predicated on the illusions of mobility and
depreciation, with interest rates being pegged unfairly high. And
well-made modern mobile homes tend to go down in value, as
comparable stick-built homes tend to go up.
The new law can't fix those problems. But it seems a safe guess
that taxing mobile homes affixed to private lots as real property
will change the thinking of bankers and buyers over time.
Mobile homes are a vital housing source in Horry County - more
than 24,000 are in use here. They deserve the respect the General
Assembly has bestowed upon them. The tax reclassification is
public-spirited lawmaking at its finest.