Nc Car Sales Tax
You can use our north carolina sales tax calculator to determine the applicable sales tax for any location in north carolina by entering the zip code in which the purchase takes place.
Nc car sales tax. Sales taxes will also apply to any car purchase you make. The state sales tax rate in north carolina is 4750. There is no city sale tax for the north carolina citiesthe north carolinas tax rate may change depending of the type of purchase. Every 2020 combined rates mentioned above are the results of north carolina state rate 475 the county rate 2 to 225 and in some case special rate 0 to 05.
21350 for a 20000 purchase. Total general state local and transit rates tax rates effective 4119 by 5 digit zip by alphabetical city. There are a total of 324 local tax jurisdictions across the state collecting an average local tax of 2174. 675 sales tax in guilford county.
Changes to monthly report of state sales and use tax gross collections and gross retail sales july 2005 collections for month ending april 30 2008 collections for month ending april 30 2009. This tax will. When you buy from a dealer in north carolina you will receive a bill of sale. With local taxes the total sales tax rate is between 6750 and 7500.
With local taxes the total sales tax rate is between 6750 and 7500. This means that you save the sales taxes you would otherwise have paid on the 5000 value of your trade in. If youve bought a new or used vehicle in north carolina youre liable to pay the mandatory north carolina car tax also known as the highway use taxinstead of charging the regular sales tax thats common in most other states north carolina charges a highway use tax hut thats used to maintain and improve roads within the state. 75 sales tax in durham county.
If you buy from an individual ask for a bill of sale from that person as well. The north carolina division of motor vehicles dmv will use it to calculate the tax on your vehicle. North carolina has state sales tax of 475 and allows local governments to collect a local option sales tax of up to 275. Bring this with you when you go to register your car.
Importance of the bill of sale. Consumers use rental tax sales tax sellers use lodgings tax and more. You may also be interested in printing a north carolina sales tax table for easy. In north carolina the taxable price of your new vehicle will be considered to be 5000 as the value of your trade in is not subject to sales tax.
Evaluating nc car sales tax.