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' RRx <br /> 1� " a <br /> IVIN <br /> is <br /> 134 1 North Carolina Guidebook for Registers of Deeds <br /> e excise tax on instruments. . . applies to timber deeds <br /> provide that"[t}h <br /> and contracts for the sale of standing timber to the same extent as if these <br /> „100 <br /> deeds and contracts conveyed an interest in real property. <br /> 3.2.6.1.2 AMOUNT AND COLLECTION art thereof of the <br /> The state excise tax rate is$�on each$500Or fraccon e ed 101 An assumed <br /> the interest or property <br /> ue ofn <br /> voldo , <br /> r " eta <br /> st is counted as <br /> " n o id <br /> considerationparcons <br /> obligation secured by a deed <br /> ran assumed loan or other obligation secured <br /> and there is no deduction f <br /> by the propertyrs not a multiple of$500,the amount <br /> If the amount paid for the Property <br /> f consideration or value is rounded up to the next multiple of$500 before <br /> f o property was <br /> the tax.For example,i£the amount paid for the p p tY <br /> computing 000,and the tax <br /> ' taxpayer would round <br /> $27,700,the taxpayer would round the amount <br /> up the tarp y <br /> would be$56.if the amount paid was$3 <br /> the <br /> the amount up to$32,500,and theax to the register of the county <br /> The transferor(grantor,seller)Pays <br /> where the land lies 1921E the land lies in more than t o the real est t 1 es.03 <br /> be paid to the county where the most valuable p <br /> The statute provbe recorded,the <br /> ides that"[b}efore the instrument may <br /> the tax paid.' This <br /> Register of Deeds must collect the tax due and mark the instrument to <br /> g <br /> indicate that the tax has been paid axEffie ato mount <br /> reg stered instrument or <br /> A . is accomplished with a tax stamp <br /> ` with a notation that the excise tax was paido the register er s eg its sponsible for <br /> `r The person who presents the instrument t g <br /> re orting the amount of tax due to the register 105 the register is therefore <br /> p plication of the <br /> not responsible for making determinate ole to about <br /> a representation <br /> tax or its amount,nor is it the registers z <br /> no consideration has been paid for a transfer.Thiscreates <br /> h odd <br /> that <br /> dynamic,because although the grantor is responsible o paying <br /> to the register,the grantee or the grantee's representative <br /> ha presents <br /> of <br /> >� <br /> the instrument,reports the amount of tax due, and P <br /> loo.G.S.los-228.3o(a)- <br /> lol.Id. <br /> 102.Id. <br /> 103.Id. <br /> ;? <br /> 104.G.S.105-228.32. <br /> ' 105.Id. <br /> t <br /> -77777 <br /> -3 a.�,�: <br /> ____ _._.�..__.__.. _.,ate._ <br />