Nc Car Tax

If you ve purchased a vehicle from any seller other than a dealer you will have to pay 3 percent of the value of your.

Nc car tax. North carolina taxes vehicle purchases before rebates or incentives are applied to the price which means that the buyer in this scenario will pay taxes on the vehicle as if it cost the full 10 000. Your county vehicle property tax due may be higher or lower depending on other factors. Division of motor vehicles. As of september 1 2013 the north carolina department of motor vehicles began collecting registered motor vehicle taxes at the time of tag renewal.

Some vehicles are exempt from the highway use tax. As part of ncdmv s tag tax together program the vehicle owner pays the property tax at the same time as the vehicle s registration renewal fee. This calculator is designed to estimate the county vehicle property tax for your vehicle. The type of vehicle determines the amount of tax paid as detailed in the following table.

The state government currently assesses a 3 percent sales tax rate calculated from the purchase price on all vehicles purchased from a dealer. Other taxes and fees applicable to north carolina car purchases. Although the process of assessing annual vehicle property taxes may seem somewhat complex the nc vehicle sales tax is relatively straightforward. Sales taxes will also apply to any car purchase you make.

If you ve purchased a new or used vehicle from a car dealer or a leasing company you will have to pay 3 percent of the purchase price of the vehicle less trade in credit. Except in rare situations all registered motor vehicle taxes are collected by the ncdmv. North carolina residents who have not registered their vehicles or who have not renewed their vehicle. North carolina property tax law requires counties to assess the value of motor vehicles registered with the n c.

Calculating north carolina state auto sales tax. About north carolina s vehicle tag and tax together program north carolina s vehicle tag and tax together program was designed to make it easier to pay your annual registration renewal and vehicle property taxes. Revenue from the highway use tax goes to the north carolina highway trust fund and the north carolina s general fund and is earmarked for road improvements. Manufacturer rebates and dealer cash incentives also lower your vehicle s purchase price but north carolina taxes the car s original price as per salestaxhandbook.

Contact your county tax department for more information.