Cherry Point Homes For Sale
by PRIME Realty
Your North Carolina Brokerage
PRIME Realty NC LLC
312 George St.
New Bern NC 28562
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:
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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.
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