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How to excise deed

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Welcome back. Im Ted Thomas. In this episode, what is the difference between a tax lien and a tax deed? Now, when I finish that, Ill also go on and tell you how to some inside tips on how to make money. And before I finish, Im going to show you some mistakes that you really need to avoid so stay tuned, Ill come right back. What is the difference between a tax lien and a deed? So, Im going to give you the who, what, where, when and why of tax lien certificates. So, who issues these things? Well, actually the state legislature authorizes the county to do that, and the county will issue a tax lien certificate if you havent paid your taxes on your property. So, whats really happening here? Well, the tax lien certificate is simply saying this property owner has not paid their property tax. Now, 50 percent of all the counties in the United States will sell tax lien certificates If the owner doesnt pay, theyre going to issue a tax lien certificate. When y

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Who pays excise tax in NC?

When ownership in North Carolina real estate is transferred, an excise tax of $1 per $500 is levied on the value of the property. For example, a $600 transfer tax would be imposed on the sale of a $300,000 home. Transfer taxes in North Carolina are typically paid by the seller.

Which is subject to payment of excise taxes?

Excise Tax is a tax on the production, sale or consumption of a commodity in a country.

What is an excise tax in Washington state?

Real estate excise tax (REET) is a tax on the sale of real property. All sales of real property in the state are subject to REET unless a specific exemption is claimed. The seller of the property typically pays the real estate excise tax, although the buyer is liable for the tax if it is not paid.

What taxes do you pay when you sell a house in North Carolina?

Homes sales can be excluded from federal capital gains taxes, but in North Carolina capital gains are taxed at the state income tax rate of 5.49% if the gain was above the same limits as the federal government uses.

What is North Carolina excise tax on cars?

North Carolina assesses a 3 percent sales tax on all vehicle purchases, ing 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 states General Fund and the North Carolina Highway Trust Fund.

What is the deeds excise tax in Massachusetts?

when the consideration of the interest or property conveyed, exclusive of the value of any lien or encumbrance remaining thereon at the time of sale. The effective tax rate is $2.28 for each $500 or fraction thereof of taxable value. There is no excise tax due where the consideration stated is less than $100.00.

What is North Carolina excise tax?

How do I calculate the excise tax on a property? The current North Carolina excise tax stamps are $1.00 per $500.00 or fractional part of the value of the property conveyed. For deeds recorded prior to August 1991, the excise tax was $1.00 per thousand.

What is the deed excise tax in North Carolina?

The current North Carolina excise tax stamps are $1.00 per $500.00 or fractional part of the value of the property conveyed. For deeds recorded prior to August 1991, the excise tax was $1.00 per thousand.

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