Why did the real market value on my manufactured home increase? Don’t manufactured homes depreciate?

Each year the Sherman County Assessor’s Office is required to conduct a ratio study to establish real market value on all properties within the county. If the sales analysis shows an increase in sales prices for manufactured structures, then it is likely the real market value for manufactured structures will increase. If the analysis shows that there was a decrease in sales prices for manufactured structures then the real market value for manufactured structures are likely to decrease.

 

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