For more information on State of North Carolina taxes, please visit the North Carolina Department of Revenue. There is no local corporate income tax.
Corporate Income Tax Rate
Property tax on inventory
|$1.50 per $1,000 of the largest of:
• Capital Stock, surplus and undivided profits
• 55% of appraised tax value of all tangible property in NC
• Actual investment in tangible property in NC
Retail Sales and Use
|7% (4.75% - State, 2.25% - County)|
In North Carolina, businesses and individuals located in an incorporated municipality pay both municipal and county property tax.
|FY 11-12 Property Tax Rates (Per $100 of Assessed Value)|