Excise tax on conveyances
For a taxable deed transfer, North Carolina charges $1 for each $500 of the price or value; any part of $500 counts as a full $500. That is $200 on a $100,000 sale. State law puts payment on the seller before the deed is recorded. When you sell to us, we pay the closing costs, including North Carolina's excise tax on conveyances. Your mortgage, liens, back taxes, and share of current property taxes are separate.
North Carolina General Statutes § 105-228.30: rate and who pays →
