Question on Property Taxes (house, income, property tax)

[CJ-FROM-NJ]

I am confused....please someone clears this up for me...

OK you pay once a year a car tax, then you have your house property tax, then you are taxed again on the things you own i.e. a car, motorcycle, home again??

Are you taxed twice on cars and homes? I'm confused.

[bluedevilz]

Originally Posted by CJ-FROM-NJ

I am confused....please someone clears this up for me...

OK you pay once a year a car tax, then you have your house property tax, then you are taxed again on the things you own i.e. a car, motorcycle, home again??

Are you taxed twice on cars and homes? I'm confused.

No you only are taxed once on your home and a separate "property tax" on your car, on your state income tax you will be asked to list "other property", I don't own a boat or motorcycle so I don't really know what all that entails.

I see a lot of angst about the "car tax" in NC, this isn't just a Southern thing, or a NC thing.

I don't know about NY or NJ, but in MA I had to pay alot more in excise tax on my car every year than I pay now in NC for my "car tax"

Not to mention other "taxes" that NY/NJ/MA folks are used to paying, namely tolls.....you won't find any toll booths in NC at least

[mm34b]

The property tax in North Carolina is a locally assessed tax, collected by the counties. The N.C. Department of Revenue does not send property tax bills or collect property taxes.

The three main elements of the property tax system in North Carolina are real property, personal property, and motor vehicles. Real property consists of land and buildings. Personal property consists of, for this guide, tangible personal property or all personal property that is not intangible and is not permanently affixed to real property. Motor vehicles, if registered, are assessed according to its registration renewal date.

NC Department of Revenue

http://www.dornc.com/practitioner/property/