Form R-1 - Conveyance Tax Return Form

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R-1
Conveyance Tax Return
R
Web
North Carolina Department of Revenue
6-07
County
Return for Month of
Street Address
(MM-YY)
Mailing Address (If Different)
Fill in applicable circles:
City
State
Zip Code
Payment has been made through
electronic funds transfer (EFT)
Name of County Finance Officer
Phone Number
Address has changed since prior return
Computation of Conveyance Tax
1.
Gross Amount of Tax Collected on Real Estate Conveyances
1.
2.
Monthly County Adjustments (Attach explanation)
2.
3.
Net Proceeds of Tax Collected
3.
Line 1 minus Line 2
4.
Tax Due Before County Cost Adjustment
4.
Multiply Line 3 by 50%
5.
County Cost of Collection and Administration
5.
Multiply Line 4 by 2%
6.
Tax Due
6.
Line 4 minus Line 5
7.
Previous Overpayment
7.
(Attach Letter of Credit Issued by the Department to Claim a Prior Month’s Overpayment)
$
8.
Total Due
8.
Line 6 minus Line 7
Signature of County
Date:
Finance Officer:
I certify that, to the best of my knowledge, this return is accurate and complete.
A county must use this form to remit the State’s net share of the proceeds collected by that county’s register of
deeds. Returns are due by the 15th day following the end of each month.
North Carolina Department of Revenue, Post Office Box 25000, Raleigh, North Carolina 27640-0001

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