Yes that right - NC (like some states) taxes vehicles as personal property - some of it goes to the county, some to the municipality based on the appraised value of the vehicle. Mine is now appraised at $ 47,260.00. It will drop a little every year. IT PAYS TO DRIVE A JUNKER IN NC !
States like PA where I am from steal from you on your property tax, mostly on the school tax end to support the overpaid teachers.
IT PAYS TO LIVE IN A DUMP OR RENT IN PA !
I still figure I am ahead down here as I don't shovel snow.
It all has to come from somewhere !