VansAirForceForums  
Home > VansAirForceForums

- POSTING RULES
- Donate yearly (please).
- Advertise in here!

- Today's Posts | Insert Pics

  #1  
Old 04-13-2017, 06:12 PM
leok leok is offline
 
Join Date: Apr 2013
Location: Clarkston, MI
Posts: 90
Default Taxes in NC

I am building an RV 10 and will need to register it in about two years. I have property in MI and NC, and could register in either state (I think). MI will hit me for 6% sales tax.
Anybody know NC's policy?
__________________
Building my RV-10 since Oct 5th 2014
Flying .. once I figure out how to pay for everything
http://www.mykitlog.com/leok
RV Hotel
Dues paid 2017
Reply With Quote
  #2  
Old 04-13-2017, 06:48 PM
snopercod's Avatar
snopercod snopercod is online now
 
Join Date: Aug 2016
Location: Asheville, NC
Posts: 587
Default property taxes

In NC you'll pay personal property tax every year at the same rates as a home. I think I'm paying $325 per year to Buncome Co. (Asheville).
__________________
(2017 dues paid)
Reply With Quote
  #3  
Old 04-13-2017, 06:51 PM
N941WR's Avatar
N941WR N941WR is offline
 
Join Date: Jan 2005
Location: SC
Posts: 10,883
Default

Keep the plane registered in Michigan.

North Carolina has yearly personal property tax which is based on the value of the plane.

The property tax varies by county and can be stupid expensive. When I finished my -9, Union County, NC tired to bill be based on a market value of $65K. IIRC, that was around $1600/yr. I talked my way down to around $450/year before moving to SC.

The NC state sales tax is 4.75% but each county adds some on top of that. For example, Charlotte's combined sales tax is 7.25%

North Carolina taxes your airplane on where it is based, not where it is registered. Some say it depends on where it is at 12:01 AM January 1st but I believe that might be urban legend.

If you can keep a hangar and address in Michigan, you will save yourself a lot of money!
__________________
Bill R.
RV-9 (Yes, it's a dragon tail)
O-360 w/ dual P-mags
Build the plane you want, not the plane others want you to build!
SC86 - Easley, SC
www.repucci.com/bill/baf.html
Reply With Quote
  #4  
Old 04-13-2017, 07:07 PM
rzbill's Avatar
rzbill rzbill is offline
 
Join Date: Nov 2005
Location: Asheville, NC
Posts: 2,388
Default

Quote:
Originally Posted by N941WR View Post

North Carolina taxes your airplane on where it is based, not where it is registered. Some say it depends on where it is at 12:01 AM January 1st but I believe that might be urban legend.
Not legend, but also not exact. There is a physical census of aircraft ON SITE taken once per year by our FBO and turned into the county (obviously at county request). Could be Jan 1.....or not. Usually is.
__________________
Bill Pendergrass
RV-7A: Flying since April 15, 2012. 650hrs
YIO-360-M1B, mags, CS, GRT H1s & A/P, Navworx
Unpainted, polished....kinda'
My RV Construction Page
Reply With Quote
  #5  
Old 04-14-2017, 06:32 AM
snopercod's Avatar
snopercod snopercod is online now
 
Join Date: Aug 2016
Location: Asheville, NC
Posts: 587
Default

Quote:
Originally Posted by rzbill View Post
There is a physical census of aircraft ON SITE...
I wouldn't know, but I have heard that a number of owners reposition their airplanes to Transylvania County for the first couple weeks of January.
__________________
(2017 dues paid)
Reply With Quote
  #6  
Old 04-14-2017, 09:39 AM
664781 664781 is offline
 
Join Date: Jan 2005
Location: Powder Springs, Ga
Posts: 263
Default Sales Tax

The sales tax for NC is $1500. On going property tax is a different question. I registered mine in NC and saved a ton.
__________________
Kurt Lohmueller A&P
Powder Springs, Ga
RV6A "Kurt's Toy" - Flying
RV12 - Flying - Sold
Reply With Quote
  #7  
Old 04-15-2017, 04:30 AM
leok leok is offline
 
Join Date: Apr 2013
Location: Clarkston, MI
Posts: 90
Default

Thanks for all of the replies. I am a few years off, but will be moving to Rutheford (sp?) County near Spindale and Forest City. We have enough land for a landing strip if I can find a spot flat enough.

I still have some time to sort all this out.
__________________
Building my RV-10 since Oct 5th 2014
Flying .. once I figure out how to pay for everything
http://www.mykitlog.com/leok
RV Hotel
Dues paid 2017
Reply With Quote
  #8  
Old 04-15-2017, 05:39 PM
dlloyd3 dlloyd3 is online now
 
Join Date: Jun 2005
Location: Locust, NC
Posts: 324
Default

Six months ago we moved from Charlotte 20 miles east to Stanly County. I changed the FAA registration to reflect our new address. Couple months later got a note from Stanly County Tax Collector requesting info on my airplane. Still at 8A6 in Mecklenburg County was a suitable answer. Bottom line, unless you are willing to deceive the FAA and or the local tax collector, they will find you.
If you register your new airplane in NC the state will want to collect sales and use taxes. I think the max for a vehicle is $1500. If you bought kits and built, did you pay your sales taxes? If not, NC will want money.
__________________
Dave
RV-7 Tipup, Flying, I0-360,
Hartzell, Dual Skyview
Reply With Quote
  #9  
Old 04-15-2017, 06:37 PM
leok leok is offline
 
Join Date: Apr 2013
Location: Clarkston, MI
Posts: 90
Default

I'm not looking to dodge the taxes, just minimize them if there is an opportunity.
__________________
Building my RV-10 since Oct 5th 2014
Flying .. once I figure out how to pay for everything
http://www.mykitlog.com/leok
RV Hotel
Dues paid 2017
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -6. The time now is 04:36 PM.


The VAFForums come to you courtesy Delta Romeo, LLC. By viewing and participating in them you agree to build your plane using standardized methods and practices and to fly it safely and in accordance with the laws governing the country you are located in.