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Old 12-30-2007, 10:06 AM
 
1,054 posts, read 2,897,261 times
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What taxes are they talking about?
I keep hearing people say the taxes in Cabarrus are lower.
Are they talking sales tax? Property tax? Tax out of your paycheck?
And how much lower are they?
Help. Thanks.
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Old 12-30-2007, 10:08 AM
 
Location: Wherever it is, I am sure it is cosmopolitan
674 posts, read 604,253 times
Reputation: 138
Property tax is lower. I understand Cabarrus has a 7% sales tax. Tax "out of paycheck" is federal and state mandated, not by county.
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Old 12-30-2007, 10:30 AM
 
1,054 posts, read 2,897,261 times
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Gotcha. Thank you so much.
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Old 12-30-2007, 12:10 PM
 
Location: Blue Ridge Mtns of NC
5,661 posts, read 24,631,056 times
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Cabarrus County Property Tax Rate - 0.6300 per $100
Mecklenburg County Property Tax Rate - 0.8387 per $100

Note: If you also live within a city, town or special taxing district, you'll have an additional tax rate added to the above county property tax rate.

************************************************** *************

The general sales tax in NC is a 2-part tax, state & local. The current state portion is 4.25%. Depending on which county you live in, determines the local sales tax rate. Most of NC's 100 counties have a combined general sales tax rate of 6.75%. However, as a result of the recent November elections, an increase in the local sales tax rate passed in six counties.

http://www.dornc.com/taxes/sales/rate_extension.html

Combined State & Local General Sales Tax Rates

Mecklenburg County - 7.25%
Cabarrus County - 6.75% (double-check that)

Last edited by mm34b; 12-30-2007 at 03:54 PM..
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Old 12-30-2007, 02:44 PM
 
1,054 posts, read 2,897,261 times
Reputation: 173
Great info, thank you.
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