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Old 08-27-2006, 09:47 AM
 
Location: Now Torrington,CT moving
7 posts, read 25,315 times
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As I previously stated, I will be moving to Wilmington Area in a week or two to start a new job. It struck me that I know very little about the tax situation. Is there an income tax? What is the sales tax rate? and is there property tax on homes and autos?
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Old 08-27-2006, 10:04 AM
 
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NC does have state income tax - varies by income, here is a link:

www.dor.state.nc.us/taxes/individual/rates.html

Here is a further link

http://www.wilmingtonchamber.org/taxes.html (broken link)
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Old 08-27-2006, 11:16 AM
 
Location: Snow Hill, NC
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Most employers unless you are self employed or sub contracting take out state taxes along with federal taxes and Social Security all through the year. You simply file at the end of the year with your federal taxes if you use a place like H & R Block or you are do it yourselfer with an online tax program. Depending on what the income level is that you're in and how much you have paid in already will determine if you owe more or if you will get a refund. If you are afraid of coming up short at the end of the year, you can authorize more to be taken out than they normally would just in case. And you would probably get a refund back at the end of the year unless something major happened like you won the lottery or inherited a lot of money for instance. Prescription drugs are not taxable, gas is taxed already at the pump. Food carries a smaller tax I believe but generally speaking on purchases it is either 7% or 7.5% I believe. I have a hard time keeping up with it.
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Old 08-27-2006, 11:18 AM
 
1,531 posts, read 6,975,929 times
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^Looks like they've covered income and sales taxes above.

To your question about homes/autos...yes there's also a property tax. That is owed to both your county and city (if the latter is applicable).
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