Cherry Point Homes For Sale

by PRIME Realty

Your North Carolina Brokerage

 

  

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PRIME Realty NC LLC 

312 George St.

New Bern NC 28562

252-637-7463

www.PRIMERealtyNC.com

 

 

 

    

 

E-Mail       252/617-0861     E-Mail  

                  

E-Mail       252/637-7463     E-Mail  


Sales and Use Tax


Current Sales and Use Tax Rates as of October 1, 2008 for Craven County are 6.75%

    Retail sales of tangible personal property not subject to a reduced rate of tax are subject to the 4.5% general State rate of sales or use tax. The general rate of tax also applies to the rental of rooms, lodgings, or accommodations furnished to transients, and to charges for cleaning, pressing, hat blocking, and laundering of linens and apparels. The lease or rental of tangible personal property is subject to the applicable percentage rate and the maximum tax, if any that applies to a sale of the property that is leased or rented. Items subject to the general rate are also subject to the 2.25% local sales and use tax rate.

 A 2% local rate of sales or use tax applies to retail sales and purchases of qualifying food. Purchases of nonqualifying food are subject to the general rate of State tax and the applicable local tax.

 A 3% State rate of sales or use tax applies to retail sales of aircraft and boats with a maximum tax of $1,500 per article. A 2% State rate of sales or use tax applies to retail sales of manufactured homes with a maximum tax of $300 per article. A 2.5% State rate of sales or use tax applies to sales of modular homes.


Property Tax Exclusions for North Carolina

North Carolina excludes from property taxes the greater of twenty-five thousand dollars ($25,000) or fifty percent (50%) of the appraised value of a permanent residence owned and occupied by a qualifying owner. A qualifying owner is an owner who meets all of the following requirements as of January 1 preceding the taxable year for which the benefit is claimed:
(1) Is at least 65 years of age or totally and permanently disabled.
(2) Has an income for the preceding calendar year of not more than twenty-five thousand dollars ($25,000).
(3) Is a North Carolina resident.
Income is defined as all moneys received from every source other than gifts or inheritances received from a spouse, lineal ancestor, or lineal descendant. For married applicants residing with their spouses, the income of both spouses must be included, whether or not the property is in both names.
Income Example:
If a claimant’s income for 2007 was $4,000.00 and this person had $6,000.00 in Social Security benefits which were not taxable, his income for 2007 would be $10,000.00. Assuming this was all of the claimant’s income for 2007 and he was at least 65 years of age or totally and permanently disabled, he would qualify for the Homestead Exclusion for tax year 2008.
CLAIMANT


E-Mail       252/637-7463     E-Mail  


 

Income Tax Rate Schedule for Tax Years After 2007

Depending upon your filing status and your taxable income, the North Carolina tax rate ranges from 6 to 7.75 percent.

If your filing status is single;

and taxable income is more than: but not over: your tax is:
$ 0 $12,750 6% OF THE NC TAXABLE INCOME AMOUNT ON FORM D-400
$12,750 $60,000 $765 + 7% OF THE AMOUNT OVER $12,750
$60,000 _______ $4,072.50 + 7.75% OF THE AMOUNT OVER $60,000


 

If your filing status is head of household;

and taxable income is more than: but not over: your tax is:
$ 0 $17,000 6% OF THE NC TAXABLE INCOME AMOUNT ON FORM D-400
$17,000 $80,000 $1,020 + 7% OF THE AMOUNT OVER $17,000
$80,000 _______ $5,430 + 7.75% OF THE AMOUNT OVER $80,000


 

If your filing status is married, filing jointly or qualifying widow or widower;

and taxable income is more than: but not over: your tax is:
$ 0 $21,250 6% OF THE NC TAXABLE INCOME AMOUNT ON FORM D-400
$21,250 $100,000 $1,275 + 7% OF THE AMOUNT OVER $21,250
$100,000 ________ $6,787.50 + 7.75% OF THE AMOUNT OVER $100,000

 


 

If your filing status is married, filing separately;

and taxable income is more than: but not over: your tax is:
$ 0 $10,625 6% OF THE NC TAXABLE INCOME AMOUNT ON FORM D-400
$10,625 $50,000 $637.50 + 7% OF THE AMOUNT OVER $10,625
$50,000 _______ $3,393.75 + 7.75% OF THE AMOUNT OVER $50,000
  

 

  

 

  If you have a question or concerns that has not been addressed here please send us an email  or call us  and we will gladly assist you   CLICK HERE TO EMAIL  252-617-0861

 

 

PRIME Realty NC  LLC is a premier real estate brokerage company located in New Bern, NC. Our professional and experienced REALTORS® help clients and customers buy and sell real estate in the State of North Carolina. 

   Here at PRIME Realty. we are dedicated to offer state of the art marketing and exceptional service to our clients and customers. We are currently specializing in new construction, residential real estate and waterfront land development with experienced agents ready to help you.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  This web site is designed and developed PRIME Realty NC LLC. to provide information helpful to our man and women in service. This is not an official military web site.  Content can not be copied or reproduced with out expressed permission .