Carteret County Economic Development Council, Inc.

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DEMOGRAPHICS

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Retail Sales & Permits

Building Permits, 2008

Government Total
Permits		 Residential/$ Commercial/$ Miscellaneous**/$
Carteret
County*		 221 123 / $26,508,999 29 / $17,562,807 69 / $2,582,125
Atlantic
Beach		 378 7 / $7,890,718 25 / $2,952,037 279 / $2,543,692
Beaufort 133 52 / $8,482,663 18 / $6,151,004 63 / $1,381,289
Emerald
Isle		 286 23 / $7,616,595 14 / $2,608,794 249 / $4,528,645
Morehead
City		 353 81 / $11,520,339 99 / $20,048,230 173 / $4,712,844
Newport 110 53 / $4,115,786 9 / $905,328 48 / $571,159
Pine Knoll
Shores		 364 151 / $10,815,300 2 / $420,000 211 / $465,000
Total 1,845 557 / $76,950,400 196 / $50,648,200 1,092 / $16,784,754

* Carteret County permits include unincorporated areas of county and municipalities of Bogue, Cape Carteret, Cedar Point, Indian Beach and Peletier and miscellaneous includes only mobile home permits.
**Miscellaneous permits vary from one reporting jurisdiction to another. They may include decks, porches, piers, storage buildings, garages, boat lifts, boat ramps and mobile homes. Some jurisdictions include mobile homes as residential. These figures do not include electrical, mechanical or plumbing permits.
Source: Individual Local Governments

Average Real Estate, 2009

Average residential sold price: $288,070
Average timeshare - $83,000
Average condo-townhouse - $298,110
Average commercial sold price - $301,115
Average land - $198,168
Average boat slip - $85,750
Source: Carteret County Association of Realtors. Average nonresidential excludes condo/townhouse and residential

Gross Retail Sales

1993-1994 $573,294,472
1994-1995 $630,434,737
1995-1996 $642,250,213
1996-1997 $720,396,591
1997-1998 $743,755,717
1998-1999 $747,867,382
1999-2000 $778,264,755
2000-2001 $784,224,519
2001-2002 $812,703,050
2002-2003 $883,301,746
2003-2004 $944,749,223
2004-2005 $1,016,545,506

Taxable Sales

2005-2006 $795,428,515
2006-2007 $861,840,613
2007-2008 $828,361,303
2008-2009 $798,250,755

Source: NC Department of Revenue; based on July 1 - June 30 fiscal year

Sales & Use Tax - 2008/2009

Major Group
Gross Collections
Taxable Sales
Carteret
$35,025,734
$798,250,755
1% Tax
(0)*
(1)*
2% & 3% Tax
$287,353
$11,323,295
Apparel
$715,284
$16,296,254
Automotive
$1,091,417
$24,439,168
Food
$8,469,132
$190,753,179
Furniture
$1,026,183
$23,024,542
General Merchandise
$9,590,990
$217,615,645
Lumber/Bldg Material
$4,899,466
$111,268,853
Unclassified
$8,945,910
$203,529,820

* taxpayers had negative adjustments for multiple account periods.

Source: NC Dept of Revenue. Gross Collections: July 1 - June 30. Gross Retail Sales: June 1 - May 31 Retail Sales Growth

 
2007
2008
Gross Collections
Gross Retail Sales
Gross Collections
Taxable Sales
Jan
$2,298,085
$53,715,364
$2,335,090
$54,959,434
Feb
$2,868,375
$66,617,219
$2,765,073
$64,884,989
Mar
$2,311,996
$54,056,723
$1,697,418
$40,149,609
Apr
$2,427,482
$57,893,497
$2,994,009
$70,527,022
Ma
$3,006,549
$71,376,278
$2,680,504
$63,396,119
Jun
$2,941,066
$70,800,750
$3,041,429
$71,938,236
Jul
$4,110,470
$97,073,101
$4,469,435
$105,314,644
Aug
$3,841,507
$90,906,418
$4,261,354
$100,120,858
Sep
$4,361,904
$103,056,552
$3,550,981
$83,552,668
Oct
$2,234,043
$52,769,055
$2,757,353
$64,765,156
Nov

$2,597,569

 $61,170,230

$2,439,648

 $54,659,558
Dec
 $2,440,425 $57,530,538 $1,942,142 $42,851,809
Total
 $35,439,471 $836,965,725 $34,934,436 $817,120,102

Source: NC Department of Revenue, based on calendar year. Note: Monthly sales and use tax reports are not comparable to monthly reports for periods prior to July 2005 due to a change in reporting by NC DOR. www.dor.state.nc.us
 

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Carteret County Economic Development Council - 3615 Arendell Street - Morehead City, NC 28557
Phone: 252-222-6120, 1-800-462-4252 - Fax: 252-222-6124