Business Climate

CORPORATE TAX

• Franchise Tax
  6.9%
  per $1,000
• Franchise Tax
  6.9%

Depending on filing status and taxable income the North Carolina tax rate ranges from 6%-7.75%.

INVENTORY TAX

North Carolina has no inventory tax.

REAL ESTATE & PROPERTY TAX

PER $100 VALUE:

• Greensboro City Rate:
  .6325
• High Point City Rate:
  .675
  (in Guilford, Forsyth, Davidson
  & Randolph counties)
• Guilford County Rate:
  .7804
• Kernersville City Rate:
  .5275
  (in Forsyth & Guilford counties)
• Winston-Salem:
  .53
  (in Forsyth County)
• Forsyth County:
  .7168

RETAIL SALES TAX

• • Tangible Commodities
    7.75%
    (excluding food)
  • Sales Tax Rate
    6.75%
    (excluding food)

(4.75% state tax, 2% local sales and use rate)
Some items (like liquor and telecommunications) are 7%.

STATE UNEMPLOYMENT INSURANCE (SUI)

(4.75% state tax, 2% local sales and use rate)
Some items (like liquor and telecommunications) are 7%.

• Wage Base
  $19,700
  (excluding food)
• Rates
  .00%-6.84%