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brendagilstrap
February 6, 2025
Question

Do I pay NC tax on a car I bought for $1?

  • February 6, 2025
  • 1 reply
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    1 reply

    R
    RobertB4444
    February 6, 2025

    Technically you owe them 3% tax.  When you register the car they may charge it to you.  

     

    You also owe a vehicle property tax in North Carolina on your car's appraised value.  That is probably more than a dollar.

     

    Here's the NCDOT Article on the Highway Use Tax.

     

    Here's the info on the Vehicle Property Tax.

     

    @brendagilstrap 

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