North Carolina Transfer Tax Calculator: What to Expect
This simple calculator can help home sellers in North Carolina estimate their transfer taxes. To get a ballpark idea of the transfer fees you might pay in the Tar Heel State, enter your home’s estimated selling price above.
Need a selling price? Try HomeLight’s free Home Value Estimator to see what your house might be worth. To receive a more accurate listing price, contact a top North Carolina real estate agent and request a Comparative Market Analysis (CMA), a report that will compare your home against nearby listed and recently sold properties.
How the North Carolina Transfer Tax is Calculated
North Carolina’s transfer tax, known as an excise tax, is calculated at a rate of $1.00 per $500 of the property’s sale price
For example, if you sold your home for $380,000 (North Carolina’s median home price), you could expect to pay $760 in North Carolina transfer taxes.
Another Transfer Tax North Carolina Sellers Typically Pay
Seven North Carolina counties charge an additional transfer tax of $1.00 per $100 of the property’s sales price.
These seven counties are:
- Dare
- Camden
- Chowan
- Currituck
- Pasquotank
- Perquimans
- Washington
»Learn more: Understanding North Carolina’s Transfer Tax: A Quick Guide
See the bigger home sale picture: To see what your entire home sale might cost, try HomeLight’s North Carolina Seller Closing Cost Calculator. You’ll also get a preliminary look at your estimated net proceeds.
Does the Seller Always Pay the North Carolina Transfer Tax?
While it’s customary for the seller to pay the North Carolina excise tax, who pays can sometimes be a point of negotiation between the buyer and seller during the closing process.
Depending on their circumstances, North Carolina home sellers may be exempt from some transfer taxes.
Here are some examples where a transfer tax won’t apply to your transaction:
- Deeds of gift: Transfers of property as a gift, rather than through a sale, can be exempt from transfer taxes.
- Foreclosure deeds: Property transfers that occur due to foreclosure are typically exempt from these taxes.
- Deeds from local, state, or federal governments: Transfers involving government entities may also be exempt, simplifying transactions between government bodies and private individuals.
- Mergers: Property transferred as a result of mergers, consolidations, or conversion is exempt from the excise tax.
- Intestacy: Property that changes hands when the owner dies without a will is not subject to the transfer tax.
- Inheritance: Property inherited by decree of a will is exempt from the state’s excise tax.
Make Buying and Selling Easier: Most North Carolina sellers are also buyers looking to purchase a new home. With HomeLight’s Buy Before You Sell program, you can make a non-contingent offer on your new home and only move once. Watch this short video to learn more.
More Resources to Plan Your North Carolina Home Sale
Here are some additional tools to help you plan your North Carolina home sale:
- Net Proceeds Calculator
- Map of recently sold homes in North Carolina
- Listing Agent Match platform
- Home Value Estimator
- Best Time to Sell Calculator
- Agent Commission Calculator
Sell fast without paying fees or commissions: Get a cash offer today.
With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer for your North Carolina home in 24 hours. If you accept the offer, you can close in as few as 10 days. Answer a few questions about your North Carolina home to get started. Along with your cash offer, you’ll also receive an expert estimate of what a top North Carolina agent might be able to get for your home. Receive both selling options with one tool.
As you look ahead to your next home purchase, here are some helpful buyer tools: