Yes, rental property in NC would be NC-source income. Taxes And North Carolina Gross Domestic Product, Statistical Abstract 2011 - Part II. Taxes And North Carolina Gross Domestic Product, Statistical Abstract 2009 - Part II. As a non-resident of North Carolina with rental property located in N.C., do I have to file a North Carolina state tax return if the NC Refund or Payment is $0? This law may also protect you if your landlord has a certain type of mortgage. State Tax Collections, Statistical Abstract 2005 - Part IV. The gross receipts or gross proceeds derived from or the total amount agreed to be paid for the lease or rental, within North Carolina, of all kinds and types of tangible personal property not specifically exempt by statute are subject to sales and use tax at the same rate and maximum tax that is applicable to the retail sale of such property. North Carolina, extremely popular for the “OBX” (Outer Banks) where beaches are beautiful and surfing is popular. All states have laws that allow the local government to sell a home through a tax sale process to collect delinquent taxes. The motor vehicle lease and rental tax is reported to the Department on Form E-500F, Motor Vehicle Lease and SubscriptionTax Return. North Carolina veterans who have 100% VA-rated disabilities may be eligible for a property tax break on the first $45,000 of assessed real property value. All taxes, including business license, state accommodations, sales and local accommodations are owed. Summary Of State General Fund Revenue Collections, Statistical Abstract 2012 - Part III. The tax is due and payable at the time the lessor bills the lessee for rent whether such billing is for the lump sum rental or on a monthly or other periodic basis. In North Carolina, short-term rental hosts with properties that meet the following qualifications may be exempt from collecting and remitting state taxes: Private residences that are rented for fewer than 15 days in a calendar yearAccommodations directly purchased by the United States government or its agencies Filing short-term rental tax returns Dry Cleaners, Laundries, Apparel and Linen Rental Businesses, and Other Similar Businesses, Food, Non-Qualifying Food, and Prepaid Meal Plans, Repair, Maintenance, and Installation Services; and Other Repair Information, Telecommunications Service and Ancillary Service, Sales and Use Tax Filing Requirements & Payment Options, Sales and Use Tax Rates & Other Information, Important Notice – Disaster Assistance Payments. You might be able to deduct any uninsured casualty losses too, if the home is located within a presidentially declared disaster area, though you can't write off rental-related expenses. In North Carolina, for example, landlords must return a tenant's security deposit within 30 days of the termination of the lease and limits the amount … North Carolina Property Tax Property taxes are assessed at the local level, so you’ll need to consult local rates to know for sure what you’ll be paying. Do I have to file? employees and tax professionals a central summary of information concerning South Carolina’s sales and use tax law and regulations. Summary Of State General Fund Revenue Collections, Statistical Abstract 2006 - Part III. Local Government Taxes And Revenues, Statistical Abstract 2006 - Part I. The tax law even allows you to rent out your vacation home for up to 14 days a year without paying taxes on the rental income. Taxes And North Carolina Gross Domestic Product, Statistical Abstract 2010 - Part II. Taxes And North Carolina Gross Domestic Product, Statistical Abstract 2008 - Part II. Summary Of State General Fund Revenue Collections, Statistical Abstract 2004 - Part III. Local Government Sales And Use Tax Revenues, Statistical Abstract 2015 - Part V. Other Local Government Taxes And Revenues, Statistical Abstract of North Carolina Taxes, Statistical Abstract of North Carolina Taxes 2004, Statistical Abstract of North Carolina Taxes 2005, Statistical Abstract of North Carolina Taxes 2006, Statistical Abstract of North Carolina Taxes 2007, Statistical Abstract of North Carolina Taxes 2008, Statistical Abstract of North Carolina Taxes 2009, Statistical Abstract of North Carolina Taxes 2010, Statistical Abstract of North Carolina Taxes 2011, Statistical Abstract of North Carolina Taxes 2012, Statistical Abstract of North Carolina Taxes 2013, Statistical Abstract of North Carolina Taxes 2014, Statistical Abstract of North Carolina Taxes 2015, Tax Credits for Growing Businesses (Article 3J), Tax Credits for Growing Businesses for 2009, Tax Credits for Growing Businesses for 2010, Use-Value Manual for Agricultural, Horticultural and Forest Land, Climate Change & Clean Energy: Plans & Progress, general State and applicable local and transit rates of sales and use tax, Accommodations Facilitator Report web page, Updated Important Notice: Sales and Use Taxes - Accommodations and Linens (10-09-17), Important Notice: Rentals of Private Residences, Cottages or Similar Accommodations Listed with a Real Estate Broker or Agent (4-28-15), Important Notice: Rentals of Private Residences, Cottages or Similar Accommodations (5-30-14), Important Notice: Tax on Accommodations (12-10; revised 6-14-12), Important Notice: Rentals of Hotel Rooms and Accommodations (1-08), Pay Other Sales and Use Tax Using the eBusiness Center Login (Registration Required). Wake County real estate includes areas in Raleigh, Chapel Hill, and Durham, all of which are cities located within Wake County.