Calculating revenue stamps on NC real estate transactions

Posted by Jochen | Posted in Real Estate News | Posted on Monday, April 6, 2009

Tagged Under : , , , , , , , , , , ,

Have you ever wondered how to calculate the revenue stamps (excise tax) on the sale of real estate in North Carolina? The tax rate is $2 per $1,000 of the sales price. So if you purchase a home or land for $900,000, the revenue tax would be $900,000 divided by 1,000 and multiplied by 2, which equals $1,800.

I hope this clarifies how to calculate the revenue stamps on the sale of property in North Carolina. Incidentally, this tax has not been raised since 1991.

Share

Post your comment