NC Affidavit of Consideration or Value Excise free printable template

AFFIDAVIT OF CONSIDERATION OR VALUE EXCISE TAX ON CONVEYANCE OF REAL PROPERTY CURRICULA COUNTY TAX DEPARTMENT PO BOX 9, CURRICULA, NC 27929 Complete each section and sign in duplicate with original

How to fill out affidavit consideration excise tax

How to fill out NC Affidavit of Consideration or Value Excise Tax

1. Obtain the NC Affidavit of Consideration or Value Excise Tax form from the North Carolina Department of Revenue website or your local tax office.
2. Fill out the top section with your name, address, and the property information including the parcel identification number.
3. Indicate the type of transfer by checking the appropriate box (e.g., sale, gift, inheritance).
4. Provide the consideration or value of the property being transferred in the designated field.
5. Complete the sections regarding any exemptions that may apply, if applicable.
6. Sign and date the form where indicated to certify the information is accurate.
7. Submit the completed form along with any required payment to your local register of deeds or the appropriate tax office.

Who needs NC Affidavit of Consideration or Value Excise Tax?

1. Anyone transferring real property in North Carolina, including buyers, sellers, or property donors.
2. Individuals or entities involved in the sale, gift, or inheritance of real estate.
3. Property owners who are seeking to document the value of their transaction for tax purposes.

Instructions and Help about affidavit consideration excise tax

Hello this is Dave at titlesearchcom this video is about title searching in the state of North Carolina is one state that has a requirement that it's an attorney only state any use of title records or observational title records for transfer or title insurance has to be done by an attorney now private individuals can look at title records review title records even have somebody pull documents for them but any use for a transfer or title insurance or property interest has to be done by an attorney and so if you have that type of need to get a title search or title insurance to make sure it's done by an attorney total records in North Carolina are kept at the county level there are 100 counties in North Carolina each one has its own recording requirements the state typically is a non-judicial mortgage state meaning that a deed of trust is used in place of a mortgage so that foreclosures can be handled outside the court system the trustee of that mortgage handles prosecuting any mortgage delinquencies and foreclosures in North Carolina a UCC filing is recorded at the Register of Deeds rather than at the Secretary of State, so it's shown up in that county another interesting fact about North Carolina title records is its a race notice state meaning that the records have priority of first in time first and right whoever gets there with the document first has the first priority documents that show up after that have priority that's secondary to whatever showed up before that marketable title in North Carolina typically is thirty years meaning that if you go back 30 years on a search that qualifies as marketable title for most title insurance policies mechanic's liens like most states have specific requirements has to be filed within 120 days of last doing the work or delivering materials to the property and a lawsuit has to be filed within 100, so those are just a few of the basic differences for North Carolina if you have questions about getting property records or pulling documents from North Carolina you can give us a call and see if that's what we can handle for you at titlesearchcom, and we'd be glad to help

People Also Ask about

What is the excise tax on real estate in California?

Measure E established an additional 0.75% tax on real property transfers between $2 million and $5 million, a 1.0% tax on transfers over $5 million and up to $10 million, and a 1.5% tax on transfers greater than $10 million; it became effective on July 1, 2020.

What is the current excise tax for California?

The statewide base sales tax rate is 7.25 percent — 6 percent state tax, plus a 1.25 percent mandatory local tax. Local jurisdictions can apply an additional tax of up to 3 percent, bringing total sales tax as high as 10.25 percent.

What is the real estate excise tax in Washington state?

Graduated REET Structure effective Jan. 1, 2023 for the state portion of REET Sale price thresholdsTax rate$525,000 or less1.10%$525,000.01 - $1,525,0001.28%$1,525,000.01 - $3,025,0002.75%$3,025,000.01 or more3%

How do I avoid transfer tax in NY?

How To Avoid Paying NYC Transfer Tax? The only way to avoid paying NYC transfer tax is by selling your property through a 1031 exchange. A 1031 exchange allows investors to defer capital gains taxes on investment properties by reinvesting the proceeds from the sale into another qualifying property.

Who pays transfer tax in NY buyer or seller?

NYC & New York State Transfer Taxes: Transfer taxes are paid by sellers (unless it's a new development and you are the sponsor). The New York City Real Property Transfer Tax is 1% of the price if the value is $500,000 or less, or 1.425% if it is more.

Who pays real estate transfer tax in California?

The payment of the transfer tax can be negotiated between the Buyer and the Seller. Normally, in Southern California, the Seller pays. In Northern California, the Buyer pays.

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What is NC Affidavit of Consideration or Value Excise Tax?

The NC Affidavit of Consideration or Value Excise Tax is a legal document required during the transfer of real estate in North Carolina. It declares the sale price of the property to determine the excise tax that is due on the transaction.

Who is required to file NC Affidavit of Consideration or Value Excise Tax?

The seller or the buyer of the property, or their authorized agent, is required to file the NC Affidavit of Consideration or Value Excise Tax when property is transferred.

How to fill out NC Affidavit of Consideration or Value Excise Tax?

To fill out the NC Affidavit of Consideration or Value Excise Tax, provide details such as the names of the buyer and seller, the property description, the consideration amount, and any exemptions that may apply. This form must be signed and dated.

What is the purpose of NC Affidavit of Consideration or Value Excise Tax?

The purpose of the NC Affidavit of Consideration or Value Excise Tax is to report the sale price of a property to ensure the correct excise tax is collected by the state during the transfer of real estate.

What information must be reported on NC Affidavit of Consideration or Value Excise Tax?

Information that must be reported on the NC Affidavit of Consideration or Value Excise Tax includes the names of the buyer and seller, the property's legal description, the sale or consideration amount, date of the transaction, and any applicable exemptions or deductions.