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01-05-2008, 02:20 PM
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Member
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Join Date: Aug 2007
Location: Virginia
99 posts, read 111,943 times
Reputation: 22
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Taxes regarding home
Do we need to pay state taxes every year along with real estate taxes every month?
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01-05-2008, 02:33 PM
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Sr. Mortgage Consultant
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,058 posts, read 2,724,708 times
Reputation: 624
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yep.
In NC I have to pay state income taxes....property taxes....AND car tax....EVERY YEAR!
Quote:
Originally Posted by darkblue
Do we need to pay state taxes every year along with real estate taxes every month?
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01-05-2008, 04:09 PM
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Member
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Join Date: Aug 2007
Location: Virginia
99 posts, read 111,943 times
Reputation: 22
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Quote:
Originally Posted by banker0679
yep.
In NC I have to pay state income taxes....property taxes....AND car tax....EVERY YEAR!
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I am not talking about state income tax, im talking about state tax/stamps thats stated in GFE under 'Government recording & transfer charges'
$1448.33 charged for this .It comes under closing costs
Last edited by darkblue; 01-05-2008 at 04:13 PM..
Reason: forgot to add some info
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01-05-2008, 04:20 PM
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Sr. Mortgage Consultant
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,058 posts, read 2,724,708 times
Reputation: 624
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that's a 1 time page
Quote:
Originally Posted by darkblue
I am not talking about state income tax, im talking about state tax/stamps thats stated in GFE under 'Government recording & transfer charges'
$1448.33 charged for this .It comes under closing costs
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01-05-2008, 05:55 PM
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Mortgage Guy and Wife
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Join Date: May 2007
Location: NC
1,256 posts, read 525,593 times
Reputation: 412
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Tax stamps are paid at purchase and in some states, also during refinances. But no, it's not an annual charge
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01-05-2008, 06:03 PM
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Sr. Mortgage Consultant
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,058 posts, read 2,724,708 times
Reputation: 624
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oops meant to say 1 time charge on purchase
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