Revenue Stamp Calculator Nc

For example a 500 000 property would have a 1 000 transfer tax 500 000 500 1 000.

Revenue stamp calculator nc. Customarily called excise tax or revenue stamps. This means that depending on your location within north carolina the total tax you pay can be significantly higher than the 4 75 state sales tax. This title insurance calculator will also estimate the nc land transfer tax where applicable this calculator is designed to estimate the closing costs for one to four family residences and condominiums. This calculator is excellent for making general property tax comparisons between different states and counties but you may want to use our north carolina property tax records tool to get more accurate estimates for an individual property.

If the tax is not paid the county has the right to go to court to collect the transfer tax. The tax rate is 2 per 1 000 of the sales price. The ncdor is committed to helping taxpayers comply with tax laws in order to fund public services benefiting the people of north carolina. Salary estimates based on salary survey data collected directly from employers and anonymous employees in charlotte north carolina.

Our calculator has been specially developed in order to provide the users of the calculator with not only how much tax they will be paying but a breakdown of all the tax costs that will be taken with consideration to any deductions that they are able to receive. I hope this clarifies howto calculate the revenue stamps on the sale of property in north carolina. The north carolina real estate transfer tax rate is 1 on each 500 of the property s value. The individual income tax estimator helps taxpayers estimate their north carolina individual income tax liability for tax year 2018.

1862 71 first issue revenue stamps starter collection set of 25 used with small imperfections. In many cases we can compute a more personalized property tax estimate based on your property s actual assessment valuations. So if you purchase a home or land for 900 000 the revenue tax would be 900 000 divided by 1 000 and multiplied by 2 which equals 1 800. How do you calculate nc s excise tax.

The average revenue stamp clerk salary in charlotte north carolina is 48 992 or an equivalent hourly rate of 24. North carolina has a 4 75 statewide sales tax rate but also has 325 local tax jurisdictions including cities towns counties and special districts that collect an average local sales tax of 2 188 on top of the state tax.