Nc Auto Sales Tax Calculator

Top Nc Auto Sales Tax Calculator FAQs

North Carolina Sales Tax on Car Purchases:

In North Carolina, buying a car is often one of the biggest purchases, which means that the sales tax bill can be pretty big. This page talks about the most important things you need to know about North Carolina's sales tax when buying a car. See Taxation of leases and rentals for information about cars that are rented or leased.

All vehicles bought in North Carolina are subject to a 3% state sales tax.

In North Carolina, you may also have to pay fees like registration, title, and plate fees when you buy a car. These fees are listed further down the page.

How are trade-ins taxed?

At many car lots, you can trade in your old car for a credit that goes toward the price of a new one. For example, you could trade in your old car and get a $5,000 credit toward the price of a new car that costs $10,000. This would mean that you would only have to pay $5,000 out of your own pocket.

Since the value of your trade-in is not subject to sales tax in North Carolina, the taxable price of your new car will be set at $5,000. This means that you don't have to pay sales taxes on the $5,000 value of the car you're trading in.

How are rebates and dealer incentives taxed?

Many dealers offer cash incentives or manufacturer rebates on the sticker price of a vehicle in order to encourage sales. For example, a $1,000 cash rebate may be offered on a $10,000 car, meaning that the out of pocket cost to the buyer is $9,000.

North Carolina taxes vehicle purchases before rebates or incentives are applied to the price, which means that the buyer in this scenario will pay taxes on the vehicle as if it cost the full $10,000.

Other taxes and fees applicable to North Carolina car purchases

Along with state and local sales taxes, North Carolina car buyers may also have to pay a number of other taxes and fees. These fees are not part of the sales tax, and it is likely that the North Carolina Department of Motor Vehicles, not the North Carolina Department of Revenue, will be in charge of collecting them.

Title Fee: $40

Registration Fee: $28 - $59.75

Plate Transfer Fee: $15

Average DMV fees in North Carolina on a new-car purchase add up to $28¹, which includes the title, registration, and plate fees shown above.

North Carolina Documentation Fees

Dealerships may also charge a documentation fee or "doc fee", which covers the costs incurred by the dealership preparing and filing the sales contract, sales tax documents, etc. These fees are separate from the taxes and DMV fees listed above.

The average doc fee in North Carolina is $550¹, and North Carolina law does not limit the amount of doc fees a dealer can charge. Because these fees are set by the dealerships and not the government, they can vary dealership to dealership or even vehicle to vehicle.

How Much Is the Car Sales Tax in North Carolina?

How Much Is North Carolina Sales Tax

North Carolina technically doesn't collect a sales tax on vehicle purchases, but there is a 3% highway-use tax that is calculated whenever a title is transferred.

How to Calculate North Carolina Sales Tax on a Car

To calculate the sales tax on your vehicle, find the total sales tax fee for the city and/or county. In North Carolina, it will always be at 3%. Multiply the vehicle price (after any trade-ins but before incentives) by the sales tax fee.

For example, imagine you are purchasing a vehicle for $30,000 with a highway-use tax of 3%. You trade-in a vehicle for $8,000 and get an incentive for $2,000. Maryland does not charge tax on trade-ins but does on rebates, so you would pay tax on the $22,000.

In this example, multiply $22,000 by .03 to get $660, which makes the total purchase price, $20,660 (account for the incentive).

Calculate North Carolina Sales Tax Example

Initial Car Price: $30,000

Highway-Use Tax: 3%

Trade-In Amount: $8,000

Rebate/Incentive Amount: $2,000

Sales Tax = ($30,000 - $8,000) * .03
Sales Tax = $660

Do I Have to Pay Sales Tax on a Used Car?

You will have to pay the 3% highway use tax on the purchase of a used car in North Carolina.

Which County Has the Highest Tax? Which Has the Lowest?

North Carolina Highest and Lowest Tax

Alamance, Caswell, Chatham, Durham, Orange, and Person counties have the highest tax rates of 7.5%.

Avery, Brunswick, Camden, Chowan, Columbus, Currituck, Dare, Davie, Gates, Hyde, Mitchell, Pamlico, Tyrrell, Vance, and Washington counties have the lowest total tax rate of 6.75%.

However, for all vehicle sales, North Carolina charges a flat 3% highway-use tax.

Car Sales Tax for Trade-Ins in North Carolina

Trade In North Carolina

You do not have to pay a sale tax on the trade-in on your vehicle in the state of North Carolina.

In other words, when calculating sales tax, be sure to use subtract the trade-in value from the initial car price before calculating sales tax.

Let’s say that you're purchasing a new car for $45,000 and your trade-in is valued at $15,000. You would pay sales tax only on the $30,000.

Car Sales Tax on Private Sales in North Carolina

You will have to pay the 3% highway use tax to the North Carolina Department of Motor Vehicles.

As an example, if you purchase a truck for $30,000 from a private party, then you will have to pay a $900 highway use tax.

Tax on Rebates & Dealer Incentives

Dealer Incentive North Carolina

The state of North Carolina does tax rebates and dealer incentives. In other words, be sure to use the full purchase price when calculating sales tax.

As an example, let’s say you want to purchase a new SUV for $40,000 and the dealer provides a $1,000 rebate. The taxable amount is still $40,000.

North Carolina DMV/State Fees

The following DMV fees apply for vehicles in North Carolina:

Title: $56.00
Registration Vehicles Under 5,000 pounds: $38.75 per year
Registration Vehicles 5,000 to 5,999 pounds: $56.25 per year
Registration Vehicles 6,000 pounds and Over: $67.25 per year

North Carolina Dealership Fees

The average dealership fee in North Carolina is $550, and there is no statewide limit on how much this fee can be. This is known as the document or "doc fees".

These are the fees paid to handle the state paperwork when dealing with a vehicle sale. Usually, you will not be able to negotiate this fee. However, other dealers fees such as advertising and transport fees can be negotiated.

When Sales Tax Is Exempt in North Carolina

North Carolina Tax Exemptions

A highway use tax can be exempt for the following reasons:

Salvage vehicle title purchased by an insurance company
Vehicle title transferred to a will
Vehicle title being transferred in a divorce agreement
Vehicle title is being transferred to a revocable trust from an owner who is the sole beneficiary of the trust

North Carolina EV Rebates & Incentives

There are no EV rebates or incentives for the purchase of EV vehicles in North Carolina. However, there is a federal rebate of up to $7,500 on EV vehicles.

There are some additional perks like HOV lane access and exemption from emissions inspection requirements.

Tax information and rates are subject to change, please be sure to verify with your local DMV.

North Carolina Vehicle Sales Tax & Fees [+Calculator] | Find The Best Car Price

Category: Sales Tax

Sales tax can add a significant amount of money to your total car purchase. Learn more about North Carolina vehicle sales tax and what to expect...

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Michael Collado is a car buying expert and has been a professional automotive writer since 2009. He’s written about dealership sales, vehicle reviews and comparisons, and service and maintenance for over 100 national automotive dealerships. Previously, Collado was a copywriter at the ad agency TBWA/Chiat/Day where he worked on brand campaigns for Nissan, ABC Television, Sony PlayStation, and Energizer. His recognition in the ad industry includes awards from Communication Arts and The Clios.

Then you will want to know about the state sales tax rate that you may need to pay. Because of this potential expense, many people want to know if tax exemptions or if buying a car out of state can help.

North Carolina Sales Tax Calculator

Category: Sales Tax

Find sales tax rates in North Carolina by address or ZIP code with the free North Carolina sales tax calculator from SalesTaxHandbook.

North Carolina: Tax Rates Calculator Exemption Certificates Getting A Sales Tax Permit Filing Your Sales Tax Return Sales Tax Return Filing Schedule What Defines Sales Tax Nexus? Appealing Sales Tax Audits What Sales Are Taxable? Sales Tax Exemptions Sales Tax Basis Components Alcohol Excise Taxes Tobacco Excise Taxes Gasoline & Fuel Excise Taxes Marijuana Taxes Vehicles State Sales Tax Map State Sales Tax Rate Table Recent Tax Rate Changes List of Sales Tax Holidays Contact the Department of Revenue

You can use our North Carolina Sales Tax Calculator to look up sales tax rates in North Carolina by address / zip code. The calculator will show you the total sales tax amount, as well as the county, city, and special district tax rates in the selected location.

North Carolina has a 4.75% statewide sales tax rate, but also has 458 local tax jurisdictions (including cities, towns, counties, and special districts) that collect an average local sales tax of 2.221% on top of the state tax. This means that, depending on your location within North Carolina, the total tax you pay can be significantly higher than the 4.75% state sales tax.

You can use our North Carolina sales tax calculator to determine the applicable sales tax for any location in North Carolina by entering the zip code in which the purchase takes place. You may also be interested in printing a North Carolina sales tax table for easy calculation of sales taxes when you can't access this calculator.

Keep in mind that some purchases may be exempt from sales tax, and others others may be subject to special sales tax rates. Sales tax jurisdiction rules can sometimes be too complicated to describe rate areas by zip code, so this calculator is provided for reference purposes only.

North Carolina Vehicle Property Tax Estimator

Curious to know how much property tax you will be paying on your vehicle this year? If your vehicle is registered in North Carolina, this estimator can help you budget for your tax bill.

This calculator is designed to estimate the county vehicle property tax for your vehicle. The calculator should not be used to determine your actual tax bill. Your county vehicle property tax due may be higher or lower, depending on other factors. Contact your county tax department for more information.

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North Carolina Sales Tax Calculator

Category: Sales Tax

Our free online North Carolina sales tax calculator calculates exact sales tax by state, county, city, or ZIP code.

Enter zip code of the sale location or the sales tax rate in percent % Sales Tax Calculate By Tax Rate or calculate by zip code ZIP Code Calculate By ZIP Code or manually enter sales tax

The Tax-Rates.org North Carolina Sales Tax Calculator is a powerful tool you can use to quickly calculate local and state sales tax for any location in North Carolina. Just enter the five-digit zip code of the location in which the transaction takes place, and we will instantly calculate sales tax due to North Carolina, local counties, cities, and special taxation districts. Please note that special sales tax laws max exist for the sale of cars and vehicles, services, or other types of transaction.

For a small service fee, Tax-Rates.org can provide high-quality sales tax data broken down by zip code, city and county for North Carolina and all of the 50 states. View downloads & pricing

By using the Tax-Rates.org North Carolina Sales Tax Calculator ("the Calculator"), you expressly agree to the terms of use and disclaimer of liability expressed in this agreement and the Tax-Rates.org Terms of Service.

Tax-Rates.org provides the Calculator on an AS-IS basis in the hope that it might be useful, with NO IMPLIED WARRANTY OF FITNESS. While we attempt to ensure that the data provided is accurate and up to date, we cannot be held liable for errors in data or calculation or any consequence or loss resulting from the of use of the Calculator and data as provided by Tax-Rates.org. We urge you to notify us of any errors in the Calculator or our data.

How to Calculate North Carolina Car Tax - CarsDirect

Category: Auto Sales Tax

Oct 04, 2012 · To calculate the amount you owe towards HUT, follow the guidelines below. Calculating North Carolina State Auto Sales Tax: If you've purchased a new or used vehicle …

North Carolina (NC) Car Sales Tax: Everything You Need to Know

Category: Sales Tax

If you're a resident of North Carolina and buying a new or used car, then you have to pay two types of taxes to the state. You'll also be responsible for additional registration, title, and plate fees. Be prepared for your next car purchase by learning more about North Carolina car sales tax and other fees.

When you buy a car from a dealer or a leasing company in North Carolina, then you'll pay sales tax on the car's purchase price. If you buy a car from a private seller, then you'll pay sales tax on the value of the car. Call your local DMV so they can help you determine your car's actual value.

North Carolina a-sesses a 3 percent sales tax on all vehicle purchases, according to CarsDirect. This sales tax is known as the Highway Use Tax, and it funds the improvement and maintenance of state roads. Funds collected from this tax also go into the state's General Fund and the North Carolina Highway Trust Fund.

A trade-in is when you trade your old car to a dealership for a credit that's then applied to the price of a new car. The value of your trade-in can't be taxed in North Carolina, so you'll save on taxes and your purchase price. Manufacturer rebates and dealer cash incentives also lower your vehicle's purchase price, but North Carolina taxes the car's original price as per SalesTaxHandbook. For example, if pay $18,000 for a new car after receiving a $2000 rebate, you'll still have to pay sales tax on the full $20,000.

Official NCDMV: Vehicle Taxes

Category: Sales Tax

NCDOT

North Carolina generally collects what's known as the highway-use tax – instead of sales tax – on vehicles whenever a title is transferred. (Vehicles are also subject to property taxes, which the N.C. Division of Motor Vehicles collects, as defined by law, on behalf of counties.) Revenue from the highway-use tax goes to the North Carolina Highway Trust Fund and the North Carolina's General Fund and is earmarked for road improvements.The type of vehicle determines the amount of tax paid, as detailed in the following table. Some vehicles are exempt from the highway-use tax.

North Carolina Sales Tax Calculator and Economy (2022) - Investomatica

Category: Sales Tax

Sales tax rates and calculator for the state of North Carolina.

Enter an amount into the calculator above to find out how what kind of sales tax you'll see in North Carolina. You'll then get results that can help provide you a better idea of what to expect.

The average cumulative sales tax rate in the state of North Carolina is 6.94%. This takes into account the rates on the state level, county level, city level, and special level.

The most populous county in North Carolina is Wake County. As far as all counties go, the place with the highest sales tax rate is Durham County and the place with the lowest sales tax rate is Alamance County.

The most populous location in North Carolina is Charlotte. As far as cities, towns, and locations go, the place with the highest sales tax rate is Bahama and the place with the lowest sales tax rate is Advance.

The most populous zip code in North Carolina is 27610. The one with the highest sales tax rate is 27231 and the one with the lowest sales tax rate is 27006.

Sales tax on cars and vehicles in North Carolina

Category: Sales Tax

Vehicles purchases are some of the largest sales commonly made in North Carolina, which means that they can lead to a hefty sales tax bill. This page covers the most important aspects of North Carolina's sales tax with respects to vehicle purchases. For vehicles that are being rented or leased, see see taxation of leases and rentals.

In addition to taxes, car purchases in North Carolina may be subject to other fees like registration, title, and plate fees. You can find these fees further down on the page.

Many dealerships allow you to trade-in your old car in exchange for a credit applied to the price of a new vehicle. For example, you could trade-in your old car and receive a $5,000 credit against the price of a $10,000 new vehicle, making your out-of-pocket cost only $5,000.

In North Carolina, the taxable price of your new vehicle will be considered to be $5,000, as the value of your trade-in is not subject to sales tax. This means that you save the sales taxes you would otherwise have paid on the $5,000 value of your trade-in.

Car Sales Tax & Tags Calculator by State | DMV.ORG

Use your state's sales tax & tags calculator to help determine all of the expenses you can expect to pay when buying a new or used car. Find out how!

Auto sales tax and the cost of a new car tag are major factors in any tax, title, and license calculator. Some states provide official vehicle registration fee calculators, while others provide lists of their tax, tag, and title fees. Find your state below to determine the total cost of your new car, including the car tax.

Anytime you are shopping around for a new vehicle and are beginning to make a budget, it's important to factor in state taxes, titling and registration fees, vehicle inspection/smog test costs, and car insurance into your total cost. After calculating sales tax (depending on the new car sales tax rate), you may find your total fess have increased significantly.

A major part of the final cost of a new vehicle purchase can be the taxes you'll need to pay and the registration/titling fees you'll owe to your state's Department of Motor Vehicles (DMV), Motor Vehicle Division (MVD), Motor Vehicle Administration (MVA), Department of Revenue (DOR), Secretary of State (SOS), or local county clerk's office.

To use the calculators above including the car payments calculator NJ, you'll usually need to enter some basic information about the vehicle you plan to purchase. The information you may need to enter into the tax and tag calculators may include:

If you need help interpreting your state's chart or have questions about which category your vehicle will fall under, please contact your state's DMV, MVD, MVA, DOR, SOS, or county clerk's office directly.

Sales Tax Calculator

Category: Sales Tax

Free calculator to find the sales tax amount/rate, before tax price, and after-tax price. Also, check the sales tax rates in different states of the U.S.

A sales tax is a consumption tax paid to a government on the sale of certain goods and services. Usually, the vendor collects the sales tax from the consumer as the consumer makes a purchase. In most countries, the sales tax is called value-added tax (VAT) or goods and services tax (GST), which is a different form of consumption tax. In some countries, the listed prices for goods and services are the before-tax value, and a sales tax is only applied during the purchase. In other countries, the listed prices are the final after-tax values, which include the sales tax.

In the United States, sales tax at the federal level does not exist. At the state level, all (including District of Columbia, Puerto Rico, and Guam) but five states do not have statewide sales tax. These are Alaska, Delaware, Montana, New Hampshire, and Oregon. States that impose a sales tax have different rates, and even within states, local or city sales taxes can come into play. Unlike VAT (which is not imposed in the U.S.), sales tax is only enforced on retail purchases; most transactions of goods or services between businesses are not subject to sales tax.

The sales tax rate ranges from 0% to 16% depending on the state and the type of good or service, and all states differ in their enforcement of sales tax. In Texas, prescription medicine and food seeds are exempt from taxation. Vermont has a 6% general sales tax, but an additional 10% tax is added to purchases of alcoholic drinks that are immediately consumed. These are only several examples of differences in taxation in different jurisdictions. Rules and regulations regarding sales tax vary widely from state to state.

On average, the impact of sales tax on Americans is about 2 percent of their personal income. Sales tax provides nearly one-third of state government revenue and is second only to the income tax in terms of importance as a source of revenue. Reliance on the sales tax varies widely by state. Sales taxes are much more important in the south and west than they are in New England and the industrial Midwest. Florida, Washington, Tennessee, and Texas all generate more than 50 percent of their tax revenue from the sales tax, and several of these states raise nearly 60 percent of their tax revenue from the sales tax. New York, on the other hand, only raises about 20 percent of its revenues from the sales tax.

StateGeneral State Sales TaxMax Tax Rate with Local/City Sale Tax Alabama4%13.50% Alaska0%7% Arizona5.60%10.73% Arkansas6.50%11.63% California7.25%10.50% Colorado2.90%10% Connecticut6.35%6.35% Delaware0%0% District of Columbia6%6% Florida6%7.50% Georgia4%8% Guam4%4% Hawaii4.17%4.71% Idaho6%8.50% Illinois6.25%10.25% Indiana7%7% Iowa6%7% Kansas6.50%11.50% Kentucky6%6% Louisiana4.45%11.45% Maine5.50%5.50% Maryland6%6% Massachusetts6.25%6.25% Michigan6%6% Minnesota6.88%7.88% Mississippi7%7.25% Missouri4.23%10.85% Montana0%0% Nebraska5.50%7.50% Nevada6.85%8.25% New Hampshire0%0% New Jersey6.63%12.63% New Mexico5.13%8.69% New York4%8.88% North Carolina4.75%7.50% North Dakota5%8% Ohio5.75%8% Oklahoma4.50%11% Oregon0%0% Pennsylvania6%8% Puerto Rico10.50%11.50% Rhode Island7%7% South Carolina6%9% South Dakota4%6% Tennessee7%9.75% Texas6.25%8.25% Utah5.95%8.35% Vermont6%7% Virginia5.30%6% Washington6.50%10.40% West Virginia6%7% Wisconsin5%6.75% Wyoming4%6%

Sales and Use Tax | NCDOR

Category: Tax Sales

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NOTICE: The information included on this website is to be used only as a guide. It is not intended to cover all provisions of the law or every taxpayer's specific circumstances.

Car Tax by State | USA | Manual Car Sales Tax Calculator

Category: Sales Tax

Car tax rates listed by state with county and local vehicle tax lookup tools. Free access to car tax rates includes guides, manuals, handbooks, calculators.

State Car Tax Rate Tools Alabama 2% + county rate+ city rate = total By Address Link Tip: Select city then click both city and county box. Add city, plus county, plus state car tax for total. Alaska 0% + municipality Tax Guidebook Select location. Select Community Details then click Economy to view sales tax rates. Arizona 5.6% + county + city Tax CalculatorLook-up ToolTax MapPPX Find location on map. Combine county and city retail percentages. Arkansas 6.5% + county + city = rate on 1st $2,500— plus — 6.5% on balance = total 0% on vehicles priced at $4,000 or less Tax CalculatorLook-up ToolUSPS Zip+4Guidebook View chart, find city rate, find county rate, apply car tax rate formula. 72201-1400 is sample zip code for Look-up Tool. Use USPS address tool to find full zip codes. California 7.25% + local Look-up ToolFee CalculatorDealer HandbookDealerTax Guide86T Select rate listed by city.Rate shown is combined total.

Can I pay less in another city?No.Within states that have different car tax rates for different cities, you pay the car tax rate based on your home address.Car tax is paid based on the state where the car is first registered, so if you live in California and buy a car in Oregon, you will have to pay when you register the car back in your home state.

State Car Tax Rate Tools Colorado 2.9% + county + city + district = total Reference GuidePamphlet 62 Select View Sales Rates and Taxes, then select city, and add percentages for total sales tax rate. (Exp) Denver: 8.31% Connecticut 6.35% for vehicle $50k or less7.75% for vehicle over $50,000 Car tax as listed Delaware 4.25% "Motor Vehicle Document Fee" Fee Calculator District of Columbia "Excise Tax" varies by weight & mpg 0% for electric vehicles Tax Calculatorfuel economy .govD.C. Tax Facts86T Weight20 mpg21-2526-3031-3540 mpg 3499 and ↓8.1%4.4%3.1%2.2%1% 3500 - 49999.1%5.4%4.1%3.2%2% 5000 and ↑10.1%6.4%5.1%4.2%3% Florida 6% + local "discretionary"= rate on 1st $5,000— plus — 6% on balance = total Fee CalculatorIndustry GuideGT300015GT800030Handbook Download most current Discretionary Sales Surtax Information. View local discretionary tax and apply formula. Scroll down to Sales Taxes when using Fee Calculator.

State Car Tax Rate Tools Georgia 6.6% "Title Ad Valorem Tax" TAVT CalculatorBookletPPX Note: Vehicles are exempt from the 1% Atlanta tax add. Hawaii 4.1666% "maximum visible pass on rate" (Maui County) 4.4386% Hawaii County 4.7120% for Honolulu and Kauai County (Oahu Island) Excise vs Sales TaxVisible Pass OnExcise Tax LawPPX Idaho 6% Admin Rules Car tax as listed. Illinois 6.25% + local (+ 1.25% more in Chicago) = total Rate FinderCar Tax GuidePrivate Party Scroll down to "Tax Rate Database" and follow link to find rate for your location. Private party car tax differs from dealer sales. Indiana 7% HandbookBulletin Iowa 5% "One-Time Registration Fee" Rules Kansas 6.5% + local Look-up ToolGuide View publication 1700 under the most current effective date. Find total rate for city of inquiry. Kentucky 6% "Motor Vehicle Usage Tax" Dealer Handbook Louisiana 4.45% + local Car Tax ManualBrochure Click parish for city of inquiry, then find total rate for jurisdiction.

Are private sales exempt?Private party sales within most states* are not exempt from car tax, but unlike dealer transactions the seller does not collect the car tax; the buyer pays it upon registering the vehicle.Do trade-ins count?Almost all states levy car tax based on the agreed sales price minus a credit for the trade-in vehicle's agreed value.**What if my trade is registered to someone else?Trade-ins must be registered or titled in the purchaser's name in the state of trade to receive the tax credit.

North Carolina Sales Tax | Calculator and Local Rates | 2021 - Wise

Category: Sales Tax

What is the sales tax in North Carolina? What are the local rates? And how do I calculate North Carolina sales tax? All your North Carolina sales tax questions answered here.

Invoicing clients or selling to customers and need to know how much sales tax to charge? Use our simple sales tax calculator to work out how much sales tax you should charge your clients. Input the amount and the sales tax rate, select whether to include or exclude sales tax, and the calculator will do the rest. If you don’t know the rate, download the free lookup tool on this page to find the right combined North Carolina state and local rate.

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The base state sales tax rate in North Carolina is 4.75%. Local tax rates in North Carolina range from 0% to 2.75%, making the sales tax range in North Carolina 4.75% to 7.5%.

North Carolina sales tax rates vary depending on which county and city you’re in, which can make finding the right sales tax rate a headache. That’s why we came up with this handy North Carolina sales tax calculator.

To calculate the right sales tax in North Carolina you’ll need to add up the state, county and city rates for your location. The easiest way to do this is by downloading our lookup tool to get the detail you need in seconds.

South Carolina Vehicle Sales Tax & Fees [+Calculator] | Find The Best Car Price

Sales tax can add a significant amount of money to your total car purchase. Learn more about the South Carolina vehicle sales tax and what to expect...

If you’ve ever purchased a new or used car, you know that there are always hidden fees and taxes a-sociated with the purchase. But you may not know just how much additional cash you need to shell out.

In other words, if the price of the car was less than $9,999, then you owe 5% of that to the state, but if the price is over $10,000, then you owe $500 for the IMF.

Calculating your state sales tax on your new car in South Carolina is easy. Just follow this simple formula to find how much you will need to pay in sales tax and how much you’ll need to pay in total for that new vehicle.

The value of your trade-in vehicle in South Carolina is not subject to tax and is instead credited toward your new vehicle purchase. In other words, be sure to subtract the trade-in amount from the price before calculating the IMF.

Auto Loan Calculator

Category: Calculate Sales Tax

Free auto loan calculator to determine the monthly payment and total cost of an auto loan, while accounting for sales tax, fees, trade-in value, and more.

Auto Price Monthly Pay Loan Termmonths Interest Rate Down Payment Trade-in Value Your State -- Select -- AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming Sales Tax Title, Registrationand Other Fees Include All Fees in Loan

The Auto Loan Calculator is mainly intended for car purchases within the U.S. People outside the U.S. may still use the calculator, but please adjust accordingly. If only the monthly payment for any auto loan is given, use the Monthly Payments tab (reverse auto loan) to calculate the actual vehicle purchase price and other auto loan information.

Most people turn to auto loans during a vehicle purchase. They work as any generic, secured loan from a financial institution does with a typical term of 36, 60, 72, or 84 months in the U.S. Each month, repayment of principal and interest must be made from borrowers to auto loan lenders. Money borrowed from a lender that isn't paid back can result in the car being legally repossessed.

Generally, there are two main financing options available when it comes to auto loans: direct lending or dealership financing. The former comes in the form of a typical loan originating from a bank, credit union, or financial institution. Once a contract has been entered with a car dealer to buy a vehicle, the loan is used from the direct lender to pay for the new car. Dealership financing is somewhat similar except that the auto loan, and thus paperwork, is initiated and completed through the dealership instead. Auto loans via dealers are usually serviced by captive lenders that are often a-sociated with each car make. The contract is retained by the dealer but is often sold to a bank, or other financial institution called an a-signee that ultimately services the loan.

Direct lending provides more leverage for buyers to walk into a car dealer with most of the financing done on their terms, as it places further stress on the car dealer to compete with a better rate. Getting pre-approved doesn't tie car buyers down to any one dealership, and their propensity to simply walk away is much higher. With dealer financing, the potential car buyer has fewer choices when it comes to interest rate shopping, though it's there for convenience for anyone who doesn't want to spend time shopping or cannot get an auto loan through direct lending.

North Carolina Sales Tax calculator, North Carolina, US

Category: Sales Tax Sales Tax Calculator

Sales tax in the North Carolina varies by city. There is base sales tax by North Carolina. Localities can impose their own local taxes.

Alamance: 6.75%Alexander: 7%Alleghany: 6.75%Anson: 7%Ashe: 7%Avery: 6.75%Beaufort: 6.75%Bertie: 7%Bladen: 6.75%Brunswick: 6.75%Buncombe: 7%Burke: 6.75%Cabarrus: 7%Caldwell: 6.75%Camden: 6.75%Carteret: 6.75%Caswell: 6.75%Catawba: 7%Chatham: 7%Cherokee: 7%Chowan: 6.75%Clay: 7%Cleveland: 6.75%Columbus: 6.75%Craven: 6.75%Cumberland: 7%Currituck: 6.75%Dare: 6.75%Davidson: 7%Davie: 6.75%Duplin: 7%Durham: 7.5%Edgecombe: 7%Forsyth: 7%Franklin: 6.75%Gaston: 7%Gates: 6.75%Graham: 7%Granville: 6.75%Greene: 7%Guilford: 6.75%Halifax: 7%Harnett: 7%Haywood: 7%Henderson: 6.75%Hertford: 7%Hoke: 6.75%Hyde: 6.75%Iredell: 6.75%Jackson: 7%Johnston: 6.75%Jones: 7%Lee: 7%Lenoir: 6.75%Lincoln: 7%Macon: 6.75%Madison: 7%Martin: 7%McDowell: 6.75%Mecklenburg: 7.25%Mitchell: 6.75%Montgomery: 7%Moore: 7%Nash: 6.75%New: 0%Northampton: 6.75%Onslow: 7%Orange: 7.5%Pamlico: 6.75%Pasquotank: 7%Pender: 6.75%Perquimans: 6.75%Person: 6.75%Pitt: 7%Polk: 6.75%Randolph: 7%Richmond: 6.75%Robeson: 7%Rockingham: 7%Rowan: 7%Rutherford: 7%Sampson: 7%Scotland: 6.75%Stanly: 7%Stokes: 6.75%Surry: 7%Swain: 7%Transylvania: 6.75%Tyrrell: 6.75%Union: 6.75%Vance: 6.75%Wake: 7.25%Warren: 6.75%Washington: 6.75%Watauga: 6.75%Wayne: 6.75%Wilkes: 7%Wilson: 6.75%Yadkin: 6.75%Yancey: 6.75%

Sales and Gross Receipts Taxes in North Carolina amounts to 12.8 billion. It is 45.36 % of the total taxes (28.3 billion) raised in North Carolina. Numbers represent only state taxes, not federal taxes.

Tax Type 2020 (billion) Change Share TOTAL TAXES 28.303 -3.48 % 100 % SALES AND GROSS RECEIPTS TAXES 12.84 +0.29 % 45.36 % General Sales and Gross Receipts Taxes 8.474 +1.16 % 29.94 % Selective Sales and Gross Receipts Taxes 4.366 -1.37 % 15.42 % Alcoholic Beverages Sales Tax 0.452 +3.41 % 1.6 % Amusements Sales Tax 0 +65.52 % 0 % Insurance Premiums Sales Tax 0.675 +16.87 % 2.38 % Motor Fuels Sales Tax 1.944 -7.41 % 6.87 % Public Utilities Sales Tax 0 +1.84 % 0 % Tobacco Products Sales Tax 0.289 -1.43 % 1.02 % Other Selective Sales and Gross Receipts Taxes 1.006 -1.30 % 3.55 % LICENSE TAXES 2.198 -5.95 % 7.76 % Alcoholic Beverages License 0.024 -11.91 % 0.09 % Amusements License 0 +0.00 % 0 % Corporations in General License 0.752 -10.71 % 2.66 % Hunting and Fishing License 0.036 +8.53 % 0.13 % Motor Vehicle License 0.874 -2.23 % 3.09 % Motor Vehicle Operators License 0.109 -10.36 % 0.39 % Public Utilities License 0.019 -4.20 % 0.07 % Occupation and Business License, NEC 0.336 -4.81 % 1.19 % Other License Taxes 0.047 +4.18 % 0.17 % INCOME TAXES 13.168 -6.58 % 46.53 % Individual Income Taxes 12.506 -5.68 % 44.19 % Corporations Net Income Taxes 0.662 -20.81 % 2.34 % OTHER TAXES 0.098 +9.10 % 0.35 % Documentarty and Stock Transfer Taxes 0.095 +8.54 % 0.33 % Severance Taxes 0.002 -5.48 % 0.01 %

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North Carolina Paycheck Calculator - SmartAsset

SmartAsset's North Carolina paycheck calculator shows your hourly and salary income after federal, state and local taxes. Enter your info to see your take home pay.

North Carolina has a flat income tax rate of 5.25%, meaning all taxpayers pay this rate regardless of their taxable income or filing status. This can make filing state taxes in the state relatively simple, as even if your salary changes, you'll be paying the same rate. No cities in North Carolina have local income taxes.

Gross Paycheck $-- Taxes --% $-- Details Federal Income --% $-- State Income --% $-- Local Income --% $-- FICA and State Insurance Taxes --% $-- Details Social Security --% $-- Medicare --% $-- State Disability Insurance Tax --% $-- State Unemployment Insurance Tax --% $-- State Family Leave Insurance Tax --% $-- State Workers Compensation Insurance Tax --% $-- Pre-Tax Deductions --% $-- Details Post-Tax Deductions --% $-- Details Take Home Salary --% $--

When you get paid in North Carolina, you will notice that money has been withheld from your wages for FICA, federal and state income taxes. FICA (Federal Insurance Contributions Act) tax is a federal payroll tax paid by both employees and employers. The tax is made up of both Social Security and Medicare taxes. Social Security is taxed at 6.2% of your salary and Medicare at 1.45%. Your employer matches these rates, so the total contribution is doubled. (One thing to keep in mind: If you are self-employed, you are expected to pay the entire amount yourself.) If you make in excess of $200,000, those wages are subject to a 0.9% Medicare surtax. Employers do not match Medicare surtax payments.

Besides FICA taxes, you will see federal income taxes are also taken out of your paychecks. This money goes to the IRS, where it is counted toward your annual income taxes. How much someone might pay in federal income taxes varies from person to person, and depends on factors such as your salary, marital status and number of dependents.

When you start a new job in North Carolina or any other state, you have to fill out a new W-4 form. Your employer will then use the information you provide on this form to determine how much to withhold for taxes from your paycheck.

North Carolina Income Tax Calculator - SmartAsset

Category: Tax Calculator

Find out how much you'll pay in North Carolina state income taxes given your annual income. Customize using your filing status, deductions, exemptions and more.

North Carolina now has a flat state income tax rate of 5.25%. The average effective property tax rate for the state is below the national average. There is a statewide sales tax and each county levies an additional tax.

Our income tax calculator calculates your federal, state and local taxes based on several key inputs: your household income, location, filing status and number of personal exemptions. Also, we separately calculate the federal income taxes you will owe in the 2020 - 2021 filing season based on the Trump Tax Plan.

Next, from AGI we subtract exemptions and deductions (either itemized or standard) to get your taxable income. Exemptions can be claimed for each taxpayer as well as dependents such as one’s spouse or children.

In 2013, the North Carolina Tax Simplification and Reduction Act radically changed the state’s tax structure. Previously, North Carolina had a progressive income tax, with rates ranging from 6% to 7.75%. The new law introduced a flat rate income tax and more than doubled the standard deduction for North Carolina taxpayers. The effect was a significant overall reduction in taxes for taxpayers of all income levels.

Along with the state income tax, other taxes paid by North Carolinians include sales taxes (to both state and local authorities), property taxes and a gas tax. North Carolina’s estate tax was repealed as part of the 2013 law.

Durham, North Carolina Sales Tax Calculator - Investomatica

Category: Sales Tax

The average cumulative sales tax rate in Durham, North Carolina is 7.5%. This includes the rates on the state, county, city, and special levels. Durham is located within Durham County, North …