Answers by Bill Kibby

It depends on the state and town you are in. The value of your property is accessed by the town and then taxes are typically applied at a multiplier rate per $1000 of accessed value for real estate property. If you are in a state that does not consider mobile homes real estate, they will be taxed as personal property. Check with your local community for specifics.

In most states you buy a home with the premise that the buyer beware. That means major and minor expenses are yours. That is why I always recommend buyers have a home inspection so they find issues before the sale closes and have a chance to negotiate to get them repaired or compensated before the home ownership is transferred to the buyer.