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Sales tax is due at the rate in effect during the time the tenant occupies or is entitled to occupy the real property, regardless of when the rent is paid. real property on or after December 1, 2023 are subject to 4.5% state sales tax plus any applicable discretionary sales surtax.
In general, sales taxes take a percentage of the price of goods sold. A state might have a 4% sales tax, a county 2%, and a city 1.5%, so that residents of that city pay 7.5% in total. Certain items are often exempt, such as food.
The final price of the item is the amount of tax plus the original price of the item before tax.
Retail sales of tangible personal property are subject to the 4.75% State sales or use tax. Items subject to the general rate are also subject to the 2.25% local rate of tax that is levied by all counties in North Carolina. Sales taxes are not charged on services or labor.
The North Carolina (NC) state sales tax rate is currently 4.75%. Depending on local municipalities, the total tax rate can be as high as 7.5%.