North Carolina is among the states with the lowest business taxes in the country and according to the State and Local Business Taxes report released in July 2011 by the Council on State Taxation (COST), North Carolina ranks #2 in the U.S. for the lowest state and local tax burden on business.

North Carolina maintains the highest rating (AAA) from all three major bond rating agencies.  In North Carolina, only the state has the authority to tax corporate income and there is no state property tax. Additionally, there is no tax, state or local, on inventories or intangibles.

North Carolina Corporate Tax Rate:         6.9%

North Carolina Franchise Tax Rate:         $1.50 per $1,000

Property Tax Rates:                                     See Table Below

Sales & Use Tax:                       7%  (4.75% state and 2.25% county)


A State sales tax (4.75%) is levied on (1) retail sales by vendors of tangible personal property; (2) receipts from leases or rentals of tangible personal property; (3) receipts from rentals of rooms, lodgings, or accommodations to transients; and (4) receipts derived from the operation of laundries, dry cleaning plants, or similar businesses.

Sales of electricity and natural gas to manufacturers and farmers are exempt from tax. 

North Carolina Personal Income Tax
Personal Income tax is derived from graduated rates of 6.0%, 7%, and 7.75%, based on filing status and NC taxable income of the taxpayer.  For further details related to NC personal income tax and the tax rate schedule for the current  tax year, please see http://www.dornc.com/taxes/individual/rates.html

Occupancy Tax
A local occupancy tax on the rental of rooms and lodging is levied in Halifax County primarily for the purpose of generating revenue to promote travel and tourism. Halifax County’s occupancy tax rate is 5%. Within the City of Roanoke Rapids, the occupancy tax rate is 6%.