Tiny homes can be about more than minimalism. For many, they are a way to financial freedom in a tough market. And in some instances, people are putting their tiny houses on wheels to escape the costs that come with traditional homeownership. Unlike fixed homes, many municipalities don’t know how to classify tiny houses on trailers. Are they real estate or personal property? The area is very gray. But in many states, tiny homes on wheels are treated like RVs. So, property taxes often aren’t collected. It’s a potential loophole that can save owners thousands each year. So much so that it’s catching the attention of both local governments and homeowners looking for creative tax relief. Here’s how it works, and why states are starting to notice.
