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My guess is that trailer parks leverage a loophole in property taxes to make all their money. If property tax rates were matching the normal values paid by othe
by seanalltogether 11y ago
My guess is that trailer parks leverage a loophole in property taxes to make all their money. If property tax rates were matching the normal values paid by other home owners, then owning a trailer park would not be a lucrative venture for so many investors and they would actually have to weigh the negatives of increasing rent.
- greedo 11y agoHome owners pay higher property tax because they own the lot plus the house on the lot. With trailer parks, the owners only own the lot plus outbuildings etc. The trailers are owned either by the tenants outright, or leased/rented by a third party.