Mansions for Sale in North Carolina
Average Mansion and Luxury Home Prices in North Carolina
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Hertford
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Perquimans
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NC
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945,000
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Wrightsville Beach
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New Hanover
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NC
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845,000
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General
North Carolina is a state located on the Atlantic Seaboard in the southeastern United States. The state borders South Carolina and Georgia to the south, Tennessee to the west and Virginia to the north. North Carolina contains 100 counties and its capital is Raleigh.
Economy
According to the Bureau of Economic Analysis, the state's 2007 total gross state product was $399 billion. Its 2007 per capita personal income was $33,735, placing 36th in the nation. North Carolina's agricultural outputs include poultry and eggs, tobacco, hogs, milk, nursery stock, cattle, sweet potatoes, and soybeans.
Tourism destinations in the state include amusement parks, golf, wineries, beaches, meetings and conventions and sports venues. The North Carolina tourism industry employs more than 190,000 people. The state is the 6th most visited in the country (preceded by Florida, California, New York, Nevada and Pennsylvania). The North Carolina Department of Commerce maintains a Tourism Service providing matching funds and consultation for development tourism in the state including rural tourism.
Taxes
North Carolina personal income tax is slightly progressive, with four incremental brackets ranging from 6.0% to 8.25%. The base state sales tax is 4.25%. Most taxable sales or purchases are subject to the state tax as well as the 2.5% local tax rate levied by all counties, for a combined 6.75%.
There is a 30.2? tax per gallon of gas, a 30? tax per pack of cigarettes, a 79? tax on wine, and a 48? tax on beer. There are also additional taxes levied against food and prepared foods, normally totaling 2% and 8% respectively.
Property taxes in North Carolina are locally assessed and collected by the counties. The three main elements of the property tax system in North Carolina are real property, motor vehicles and personal property. Estimated at 10.5% of income, North Carolina?s state/local tax burden percentage ranks 23rd highest nationally (taxpayers pay an average of $3,526 per-capita), just below the national average of 10.6%. North Carolina ranks 40th in the Tax Foundation's State Business Tax Climate Index.
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