|
All 100 counties in North Carolina consider your motor vehicle(s) as "personal property" thus subject to county taxation just like homes and land. It's a county tax as opposed to a state tax. Your tax rate will vary depending on your county of residence. Some are high and some are low.
In my county (Henderson), the current tax rate is $0.515 per $100 of value. On a car worth 30K, the personal property tax bill would be $154.50 per year. In addition, if you live within a city limits, you will also be taxed by the city.
Last edited by mm34b; 09-01-2006 at 04:04 PM..
|