Winston-Salem is located in Forsyth County, North Carolina. North Carolina imposes an excise tax of $1.00 per $500 of consideration (0.20%) on all deed transfers. The tax is collected by Forsyth County at the time of deed recording. Neither Winston-Salem nor Forsyth County imposes an additional local transfer tax beyond the state rate.
In Winston-Salem and throughout North Carolina, the excise tax is paid by the seller (grantor) at the time of deed recording. This obligation is set by state law. Buyers and sellers should confirm payment responsibilities with their real estate attorney or title company.
Certain Winston-Salem real estate transactions may be exempt from North Carolina's excise tax. Common exemptions include transfers with consideration of $100 or less, transfers to qualifying governmental entities, transfers between spouses with no additional consideration, and certain foreclosure-related transfers. Consult a North Carolina real estate attorney to determine whether your transaction qualifies for an exemption.