Calculating revenue stamps on NC real estate transactions

Have you ever wondered how to calculate the revenue stamps (excise tax) on the sale of real estate in North Carolina? The tax rate is $2 per $1,000 of the sales price. So if you purchase a home or land for $900,000, the revenue tax would be $900,000 divided by 1,000 and multiplied by 2, which equals $1,800.

I hope this clarifies howto calculate the revenue stamps on the sale of property in North Carolina. Incidentally, this tax has not been raised since 1991.