Sales Tax: All North
Carolina counties levy local sales and use taxes. North Carolina/Brunswick
County combined sales tax is currently 7%.
Individual Income Tax: North Carolina uses the base federal
net taxable income with adjustments to figure the NC net taxable
income. Tax rates are 6%, 7% or 7.75%.
North Carolina Highway Use Tax: This tax is 3% of the retail
value of a motor vehicle. The tax cannot exceed $1,000 for
Class A and Class B commercial vehicles and $1,500 for other
motor vehicles. The tax is paid when the vehicle is purchased
or when titled in North Carolina.
Real Property Tax: Brunswick County is on a permanent listing
system for real property. With permanent listing, you will
not receive an annual listing form for real estate and your
property will automatically be listed when purchased. Real
estate owners who obtain proper building permits will be automatically
listed. Any property owner who builds an addition, deck, porch,
carport, etc., for which he did not receive a permit, must
report that improvement to the tax office. Excluded from property
taxes are: manufacturers’ inventories, contractors inventories,
retail and wholesale merchants inventories. If you own rental
property (income-producing property), it is taxable at an
assessed value of 5% of the value of the house or building
in addition to the regular real property tax. You must contact
the tax office if you won a rental property.
Personal Property Tax: When moving into Brunswick County,
you must declare your personal property with the Brunswick
County Tax Office. The Tax Office will give you a form on
which you must register all non-registered motor vehicles,
motors, single and double-wide motor homes, planes, watercraft,
boats and mopeds. Your registered vehicles are subject to
this tax but they will be declared when you register your
vehicle with the County. Some items may qualify for an exemption,
so ask the tax office for details.
*Ownership of property (real and personal) is determined
as of January 1st of each year. If you wonder the property
as of January 1st, you are responsible for the taxes for that
year. Sale or transfer of the property during the year does
not change that responsibility. For more information on Real
and Personal Property call the Brunswick County Tax Office
at (910) 253-2829 or (800) 527-9001.
Inheritance Tax: Property of interest over which the State
has jurisdiction is subject to tax when title passes by will,
contract, entirety or by descent and distribution. For purpose
of this tax, heirs and beneficiaries are divided into three
classes: Class A includes any lineal ancestor or descendant,
adopted child or stepchild; Class B includes brother, sister,
descendant of a brother or sister, and aunt and uncle by blood
of the decedent; Class C includes all others. Exemptions include:
property passing to the surviving spouse of a decedent; bequests
or insurance payable to charitable, religious or educational
institutions; and proceeds of insurance policies paid by the
U.S. government, or on its behalf, to the estate or beneficiaries
of military veterans. Qualified Class A beneficiaries as a
group are given a $33,150 tax credit. For a single Class beneficiary,
the credit is equivalent to a value of $600,000. The rate
will vary and is dependent on the amount and Class.
Gift Tax: Gifts of $10,000 or less per year to any individual
are not taxable. Gifts to spouses are exempt, including property
given to a spouse as a qualified terminable interest property
under federal law. A lifetime exemption of $100,000 is allowed
each donor for gifts made to Class A donees, including the
donor’s lineal issue, lineal ancestor, adopted child
or stepchild of donor. When this exemption or any part thereof
is applied against gifts to more than one donee, it is apportioned
among the donees in the same ratio as the gross gift after
exclusion to each donee is to the total gifts to Class A donees
in the calendar year in which the gifts are made.
For more information on North Carolina state taxes, visit
the North Carolina Department of Revenue’s website at
www.dor.state.nc.us
or call (919) 733-4548.
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