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North Carolina State Tax Information |
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- Sales Tax and Use
- Sales Tax Rate: 4.5%, food, prescription and drugs exempt
- Food Sales Tax Rate: 3%
- Local Sales Tax: 2.5% - 3.5%
- Optional County Transportation Tax: .5%
- Automotive: 4.5% + optional 2.5% city tax
- Manufactured Home Sales Tax: 2%
- Boat, Aircraft, Mobile Offices Sales Tax: 3% up to $1,500
- Farm Machinery: 1% up to $80
- Rental and Property Tax Rates
- Hotel and Motel Tax: additional 3% tax in specific towns
- Real Estate Transfer Tax: $1 per $500 value transferred with 51% of revenue retained locally
- Property Tax: rates from $0.295 - $0.88 per $100 value
- Fuel Tax Rates
- Diesel Tax: $0.269 per gallon + $0.25 per gallon
- Gasoline Tax: $0.299 per gallon + $0.25 per gallon
- Gasohol Tax: $0.269 per gallon + $0.25 per gallon
- Liquor, Cigarette Tax Rates
- Beer Excise Tax: $0.53 per gallon; $0.48 per gallon bulk beer
- Cigarette Tax: $0.30 per pack
- Liquor Excise Tax: $0.91 per gallon, sold only in state stores
- Other Tobacco Tax: 3% of wholesale price
- Wine Excise Tax: $0.79 per gallon; over 17% alcohol $0.91 per gallon
- Income Tax
- Corporate Income Tax: 6.9%
- Individual Income Tax: 6% (up to $12,750) to 8.25% (over $120,001)
- Miscellaneous Information
- Lottery Sales Tax: No lottery in North Carolina
- Inheritance Tax: none in North Carolina
- Electricity, Natural Gas Tax: 3%
- Electricity, Natural Gas Tax for Farmers: 2.83%
- Telecommunications Tax: 6.5%
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Last Updated ( Monday, 19 June 2006 )
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