Quote:
Originally Posted by jww223
Can someone please give me a breakdown of taxes in North Carolina and Cary - where I might be looking at. From what I can get is this:
- Cary property tax rate: $0.33 per $100
- NC Income Tax Rate: ~$7,000 (taken from the NC DOR site)
- Other Taxes/Fees, besides things like vehicle, that I am missing?
Much appreciated |
Cary's property tax rate is the city tax which is .33. You will also pay a county tax of .534 for a combined rate of .864. The formula is the assessed rate of the divided by 100 then multiplied by this rate.
Sales tax is 7.75 which is on almost everything.
There is an income tax. It varies based on your taxable income. I think the average is around 7% give or take depending on your income.
There is also a vehicle tax on the value of the car. Same formula as above.
There is also a personal property tax if you own a boat etc.
There are also nominal misc fees. Recycling and Decal fees. There is also a fire district tax added to the property tax if the property happens to be located in one of these districts.
Hope this helps. I think I covered almost everything and put the most up-to-date rates.
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