Transfer tax
North Carolina charges an excise tax of $1.00 per $500 of consideration. It is customarily charged to the grantor, and how it applies to a gift with no consideration is confirmed when we prepare the deed.
North Carolina runs from barrier islands to the Blue Ridge in one day’s drive, and the property questions change completely along the way. Heir property in the east, tobacco ground out of production, mountain lots sold in speculative subdivisions, and coastal parcels where the setback line moves. We accept property in all 100 counties.
Federal tax rules are the same in every state. These three are set by North Carolina and by the county where the property sits.
North Carolina charges an excise tax of $1.00 per $500 of consideration. It is customarily charged to the grantor, and how it applies to a gift with no consideration is confirmed when we prepare the deed.
North Carolina charges its excise tax on the deed at recording, and the register of deeds will not accept a conveyance without it computed or an exemption stated. Where property is a married couple’s residence, both spouses ordinarily sign regardless of whose name is on title. We confirm both before drafting.
Deeds are recorded with the register of deeds for the county where the property sits. You sign before a notary wherever you live, and we handle the filing.
Four situations that recur here more than elsewhere.
Each links to the full guide for that type, including how a donation compares with selling.
Six regions, six different reasons property comes loose.
Storm damage, flood elevation requirements and shifting setback lines. A lot can still be valuable when the house on it no longer is.
Heir property, former tobacco ground and small towns with more buildings than buyers.
Inherited houses in neighborhoods that have changed value fast, plus infill lots worth more than what stands on them.
Mill and furniture plant buildings, and older city housing where repairs outrun value.
Estate houses in older neighborhoods and small commercial buildings on corridors that were bypassed.
Steep subdivision lots with access and septic problems, cabin property held by out-of-state families, and timbered acreage.
North Carolina charges an excise tax of $1.00 per $500 of consideration. It is customarily charged to the grantor, and how it applies to a gift with no consideration is confirmed when we prepare the deed.
No. We prepare the deed in the form North Carolina requires for the county where the property sits, you sign before a notary where you live, and we record it with the county register of deeds.
Often more than owners expect, and usually to a neighboring owner rather than the open market. Value comes from assembly and access rather than a building permit. See land you cannot build on for how these are placed.
North Carolina has a state income tax, and how it treats a charitable contribution is set by North Carolina law rather than by us. Your federal deduction follows the usual IRS rules. Take the state question to your own advisor.
Yes, and it is one of the most common calls we take from the eastern counties. Undivided heir interests can sometimes be given individually, and sometimes the whole tract needs the owners identified first. Tell us how the land came down and we will tell you what the register of deeds will need.
We do not provide tax or legal advice. State and local transfer tax rules change; we confirm current requirements when we prepare each deed. Consult your own advisor.
The county and a parcel number are enough to start.