Does North Carolina have an estate or inheritance tax?
No. North Carolina repealed its estate tax under Session Law 2013-316 for decedents dying on or after January 1, 2013, and it has no inheritance tax. A North Carolina estate files no state death-tax return, so appraisals of its personal property serve the probate inventory, federal Form 706 where the estate is large enough to file, and the heirs' cost basis.
Does North Carolina tax household furniture, art, and personal collections?
Generally no. G.S. 105-275(16) excludes non-business personal property, meaning property its owner uses for something other than producing income, from the property tax base, and names household furnishings and clothing as examples. The exclusion does not reach motor vehicles, boats, aircraft, or mobile homes, which counties list and tax, and it stops applying to furniture or equipment once it is used in a business.
How is the bond amount set for a North Carolina bonded title?
At one and a half times a value the DMV takes from its own Value Schedule, with a $100 minimum. Only a vehicle or mobile home the schedule does not list needs written appraisals, and the DMV takes those from two North Carolina dealers. It is a title procedure rather than a general appraisal requirement.