Arkansas Mobile Home Purchase Agreement
Description
How to fill out Mobile Home Purchase Agreement?
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FAQ
Arkansas has a sales tax exemption on the sale of a mobile home, or on a subsequent sale of a manufactured or modular home.
On August 5, 2017 the state of Arkansas passed a law requiring a title for all mobile homes when selling the home.
Arkansas currently only taxes sixty-two percent (62%) of the gross sales price for sales of new manufactured homes and modular homes. Arkansas has a sales tax exemption on the sale of a mobile home, or on a subsequent sale of a manufactured or modular home.
Bring forms (Title and Bill of sale) to your local MVO in the county to pay transfer tax and transfer ownership. Only buyer(s) must be present at MVO to transfer title, however ideally buyer and seller go to MVO to transfer title to help expedite any last-minute issues that arise at the MVO.
HB2043 amends current law to clarify that an owner of a manufactured or mobile home may register the home and be issued a certificate of title upon payment of registration and title fees.
Search by Keyword or Citation (a) Mobile homes and manufactured homes shall be deemed real property for the purpose of ad valorem property taxation.
