Tax Benefits to Retiring to North Carolina
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Transcript of Tax Benefits to Retiring to North Carolina
The Coastal South’s Fastest Growing Community
Coastal North Carolina offers the best there is in terms of a high quality of living. In the Wilmington, North Carolina area you have it all:
Beautiful BeachesHistoryArts & CultureNightlifeFine DiningParks & Green SpacesPlenty of Family-friendly ActivitiesAnd More!
The Coastal South’s Fastest Growing Community
1. 2014 Tax Reform Deal
2. Social Security Exempt from State Taxation
3. Lower Property Taxes
The Coastal South’s Fastest Growing Community
Governor McCrory signed a tax reform deal in to law that went in to effect in 2014. This deal does the following to benefit retirees:
1. Lowers income tax rates to a flat rate of 5.75%
2. Abolishes the state estate tax retroactive to January 2013
The Coastal South’s Fastest Growing Community
In North Carolina, Social Security Income is exempt from state taxation
Photo credit: CC-BY-SA, https://www.flickr.com/people/68751915@N05/
The Coastal South’s Fastest Growing Community
Tax Rates for Brunswick Forest
Brunswick County Tax Rate: .4425/hundred
Town of Leland Tax Rate: .1515/hundred
Example: For a $300,000 home in Brunswick Forest, taxes would approximately cost $1,782/year
There’s a lot to love about Brunswick Forest, but don’t take our word for it- see for yourself! Brunswick Forest is just over the river from beautiful downtown Wilmington, NC, and we’d love it if you came to visit. We’re
currently offering a discovery package so interested buyers can see first-hand everything that Brunswick Forest has to offer.
The Coastal South’s Fastest Growing Community
A master-planned community near Wilmington, N.C., Brunswick Forest offers luxurious town homes, patio homes, single-family homes, and everything in between. Truly a community that offers something for
everyone, residents can enjoy a wealth of amenities, shopping, and dining within walking distance.
Learn more about Brunswick Forest on our website!
The Coastal South’s Fastest Growing Community