Our Taxes
North Carolina State Tax
Tax Rate Schedule for Tax Year 2007
Depending upon your filing status and your taxable income, the North Carolina tax rate ranges from 6 to 8 percent. If your taxable income is less than $68,000, a tax table is provided on the North Carolina Department of Revenue Web Site.
If your filing status is single;
| and taxable income is more than: | but not over: | your tax is: |
|---|---|---|
| $ 0 | $12,750 | 6% OF THE NC TAXABLE INCOME AMOUNT ON FORM D-400 |
| $12,750 | $60,000 | $765 + 7% OF THE AMOUNT OVER $12,750 |
| $60,000 | $120,000 | $4,072.50 + 7.75% OF THE AMOUNT OVER $60,000 |
| $120,000 | _______ | $8,722.50 + 8% OF THE AMOUNT OVER $120,000 |
If your filing status is head of household;
| and taxable income is more than: | but not over: | your tax is: |
|---|---|---|
| $ 0 | $17,000 | 6% OF THE NC TAXABLE INCOME AMOUNT ON FORM D-400 |
| $17,000 | $80,000 | $1,020 + 7% OF THE AMOUNT OVER $17,000 |
| $80,000 | $160,000 | $5,430 + 7.75% OF THE AMOUNT OVER $80,000 |
| $160,000 | _______ | $11,630 + 8% OF THE AMOUNT OVER $160,000 |
If your filing status is married, filing jointly or qualifying widow or widower;
| and taxable income is more than: | but not over: | your tax is: |
|---|---|---|
| $ 0 | $21,250 | 6% OF THE NC TAXABLE INCOME AMOUNT ON FORM D-400 |
| $21,250 | $100,000 | $1,275 + 7% OF THE AMOUNT OVER $21,250 |
| $100,000 | $200,000 | $6,787.50 + 7.75% OF THE AMOUNT OVER $100,000 |
| $200,000 | ________ | $14,537.50 + 8% OF THE AMOUNT OVER $200,000 |
If your filing status is married, filing separately;
| and taxable income is more than: | but not over: | your tax is: |
|---|---|---|
| $ 0 | $10,625 | 6% OF THE NC TAXABLE INCOME AMOUNT ON FORM D-400 |
| $10,625 | $50,000 | $637.50 + 7% OF THE AMOUNT OVER $10,625 |
| $50,000 | $100,000 | $3,393.75 + 7.75% OF THE AMOUNT OVER $50,000 |
| $100,000 | _______ | $$7,268.75 + 8% OF THE AMOUNT OVER $100,000 |
Real Property Taxes:
- Current tax rate is $0.52 per $100.00 of valuation.
- Real property taxes are due September 1 each year.
- You have through January 5th to pay without interest.
- Interest starts January 6th with 2% the first month and 3/4% each month thereafter until paid. Property owner on January 1 is responsible taxpayer for that tax year even if the property is sold during the year.
- Taxpayers are allowed to make prepayments to their accounts for real property anytime during the year.
North Carolina Cherokee County Present-Use-Value Brochure
Auto Taxes:
- Auto taxes are due 30 days after bill date.
- 5% interest charged the first month 3/4% interest charged each month thereafter until paid.
Cherokee County Tax Collector
| Georgia Personal income tax | |
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Georgia collects income taxes from its residents at the following rates. For single taxpayers: -- 1% on the first $750 of taxable income -- 2% on taxable income between $751 and $2,250 -- 3% on taxable income between $2,251 and $3,750 -- 4% on taxable income between $3,751 and $5,250 -- 5% on taxable income between $5,251 and $7,000 -- 6% on taxable income exceeding $7,000. For married persons filing joint returns and heads of households, the rates remain the same but the income brackets cover earnings from $1,000 (at 1 percent) to $10,000 (at 6 percent). |
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Georgia tax returns are due on April 15, or the next business day if that date falls on a weekend or holiday. For the 2007 filing season, the deadline for federal returns was changed to Tuesday, April 17. Georgia Department of Revenue is following the federal lead and also giving its taxpayers an extra filing day to complete their state returns. |
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Taxpayers age 62 or older or those permanently and totally disabled may exclude up to $25,000 of retirement income. In 2007, the excludable amount increases to $30,000 and is $35,000 for tax years 2008 and beyond. |
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A tax credit is allowed to Georgia residents for income taxes paid to other states, but not to foreign countries. |
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Some Georgia residents whose federal adjusted gross income is no more than $19,999 might be eligible for a low-income tax credit. |
Union County Georgia has the third lowest tax millage in Georgia in 2007. It is low because of new home growth in the tax digest. Assessed valuation in Georgia is 40% of real property value, and industrial property is taxed at the same rate as commercial and residential. Thus, the effective tax millage is 40% of the mills levied. Millage is expressed as dollars of tax per $1,000 of assessed value. Funds collected in 2006 by Union County ad-valorum taxes were divided as follows: Schools - 60%, Union County Government (all departments) - 38%, State of Georgia - 2%.
For a site located within one of the tax districts of Union County, the combined 2006 ad valorum property tax rates were as follows:
| PER $1,000 OF ASSESSED VALUE. (Assessed value is 40% of actual value.) | OUTSIDE CITY | INSIDE CITY |
| State of Georgia | $0.25 | $0.25 |
| Union County Government | $5.10 | $5.10 |
| School District | $8.95 | $8.95 |
| Sub-Total | $14.30 | $14.30 |
| Blairsville City Government | $0.00 | $0.00 |
| Total Mills | $14.30 | $14.30 |
| 40% Assessment | $14.30 X 0.40 | $14.30 X 0.40 |
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2006 Effective Rate per $1,000. |
$5.72 | $5.72 |
Tennessee does not tax individual wage income earned by its residents. It does, however, collect taxes on interest and dividend earnings.
The Tennessee income tax does not apply to salaries and wages, but most income from stocks, bonds and notes receivable is taxable at a flat rate of 6 percent. The first $1,250 in taxable income received by a single filer is exempt. The first $2,500 in taxable income received by a joint filer is exempt. Persons older than 65 and who have total income of less than $16,200 for a single filer or $27,000 for a joint filer also are exempt.
State tax - As of January 1, 2008, the sales tax rate on food changed to 5.5%. Previously, the rate was 6%. All other tangible personal property, unless specifically exempted, remains at 7%.
