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Old 07-31-2017, 07:23 AM
 
6,800 posts, read 4,372,473 times
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Quote:
Originally Posted by daniellu91 View Post
What's the fee?
The largest portion of the cost is usually the 3% Highway Use Tax, although if you are bringing in a car from out of state that is capped at $250. The title fee is $52, the license plate is $36 and an annual inspection is either $14 or $30, depending on where you live. The Highway Use Tax and title fee are one time expenses, the license plate and inspection is annual. The other annual fee is property taxes. The amount depends on the car's value and your local property tax rate. For a $20,000 car its going to be around $200 per year.

Here's all the info from the DMV website: https://www.ncdot.gov/dmv/vehicle/title/

Last edited by BC1960; 07-31-2017 at 07:33 AM..
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Old 07-31-2017, 07:25 AM
 
6,800 posts, read 4,372,473 times
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Quote:
Originally Posted by fp_911 View Post
It's pretty significant. On a $45k valued vehicle I just paid around $700. And that's every single year!

Granted the car will decrease in value but still it's a fee that never goes away and unlike mortgage tax it's not deductible.
You appear to be talking about the local property tax. It is tax deductible.
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Old 07-31-2017, 11:14 AM
 
69 posts, read 41,037 times
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Quote:
Originally Posted by BC1960 View Post
You appear to be talking about the local property tax. It is tax deductible.
After I wrote it I gave it some more thought and you are correct!
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Old 08-06-2017, 03:57 PM
 
4 posts, read 2,143 times
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Thanks everyone for all the help! It is a good thing to know all the expenses to expect.
Thanks!
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Old 08-06-2017, 08:23 PM
 
Location: Highland Creek, NC
737 posts, read 1,872,364 times
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We moved from SoFla in 2008, and we were caught unaware of the additional taxes and expenses here. It's really easy to overspend on utilities here. Our first summer we used the underground sprinklers, and our water bill went up 4x what we thought it would cost. We haven't used them since. Our first winter we kept the house heated to a toasty temperature. Our gas and electric bills almost broke us. Now we use room heaters for the bedrooms, and electric blankets. After 9 years, we are used to things, and wouldn't consider going back to Florida. Especially now that Publix and Popeye's are here lol. Feel free to PM if you have questions
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Old 08-07-2017, 09:23 PM
 
57 posts, read 36,042 times
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Quote:
Originally Posted by BC1960 View Post
The largest portion of the cost is usually the 3% Highway Use Tax, although if you are bringing in a car from out of state that is capped at $250. The title fee is $52, the license plate is $36 and an annual inspection is either $14 or $30, depending on where you live. The Highway Use Tax and title fee are one time expenses, the license plate and inspection is annual. The other annual fee is property taxes. The amount depends on the car's value and your local property tax rate. For a $20,000 car its going to be around $200 per year.

Here's all the info from the DMV website: https://www.ncdot.gov/dmv/vehicle/title/

Appreciate the breakdown. Ahh, driving a 15+ year old Camry with almost 250K miles finally has some benefits
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Old 08-11-2017, 08:33 AM
 
4 posts, read 2,143 times
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Quote:
Originally Posted by mikealialex View Post
We moved from SoFla in 2008, and we were caught unaware of the additional taxes and expenses here. It's really easy to overspend on utilities here. Our first summer we used the underground sprinklers, and our water bill went up 4x what we thought it would cost. We haven't used them since. Our first winter we kept the house heated to a toasty temperature. Our gas and electric bills almost broke us. Now we use room heaters for the bedrooms, and electric blankets. After 9 years, we are used to things, and wouldn't consider going back to Florida. Especially now that Publix and Popeye's are here lol. Feel free to PM if you have questions
Haha... well, I think I'll survive anywhere as long as I can get a Publix Sub

I had the thought about heating in the back of my mind but you reminded me - my aunt moved there a while a go and when they came back down for the winter they kept some kind of heat on for the pipes... well, they got back to a (I believe) $3,000 electric bill... Electric blankets and room heaters will be bought for our first winter, thanks

How do you water your lawn, or do you?

Would you say expenses are more, same or less than SoFla? Does the cost of living make up for the extra taxes?

I tried to PM but I'm a newbie on here and couldn't figure it out lol
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Old 08-11-2017, 09:34 AM
 
391 posts, read 241,148 times
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Don't worry about it. You don't have to worry about flood insurance and out of sight property taxes as in most of Florida. No worries.
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