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Old 01-16-2007, 08:20 AM
 
Location: Blacksburg, VA
823 posts, read 3,922,586 times
Reputation: 244

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Pennsylvania charges a 2% real estate transaction tax. Typically the buyer and seller split it. Does NC charge such a tax?

Thanks,
Alice
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Old 01-16-2007, 08:39 AM
 
Location: Cornelius
2,314 posts, read 2,834,554 times
Reputation: 287
There is a fee of $1 per $500 seller fee
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Old 01-16-2007, 08:45 AM
 
Location: Blue Ridge Mtns of NC
5,660 posts, read 26,999,303 times
Reputation: 3858
Quote:
Originally Posted by CharlotteAgent View Post
There is a fee of $1 per $500 seller fee
Is that a state or local government fee?
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Old 01-16-2007, 09:07 AM
 
Location: Cornelius
2,314 posts, read 2,834,554 times
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State..... We call it Stamps

Basically take you Sales price and divide by 500 to get you in the area.
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Old 01-16-2007, 09:31 AM
 
Location: Blacksburg, VA
823 posts, read 3,922,586 times
Reputation: 244
Thank you, CharlotteAgent.
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Old 01-16-2007, 09:58 AM
 
Location: Cornelius
2,314 posts, read 2,834,554 times
Reputation: 287
Hey any time thats why I am here
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Old 01-16-2007, 11:18 AM
 
474 posts, read 2,192,451 times
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http://www.choicefinance.net/north-c...sing-costs.htm
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Old 01-16-2007, 11:58 AM
 
Location: Blacksburg, VA
823 posts, read 3,922,586 times
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Annie,
Thank you for that link. It sound like what CharlotteAgent called "stamps" is an excise tax. I'm glad those local land transfer taxes are only on the coast.
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Old 01-16-2007, 12:33 PM
 
Location: in a house
3,574 posts, read 14,342,035 times
Reputation: 2400
Quote:
Originally Posted by alice_61 View Post
Annie,
Thank you for that link. It sound like what CharlotteAgent called "stamps" is an excise tax. I'm glad those local land transfer taxes are only on the coast.
No, we pay it here in the foothills as well. I guess your "drainage" problem got resolved. Good.
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Old 01-16-2007, 12:57 PM
 
Location: Blacksburg, VA
823 posts, read 3,922,586 times
Reputation: 244
Mary,

Hi. No, we are actually still waiting on that septic system... That link that Annie posted said that the excise tax was only on the coast. Is it in other counties, as well, or is there another tax? I wonder what the tax is in Orange County.

Thanks,
Alice
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