2010 TaxGrams™
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State and Local Taxes
North Carolina State Tax Summary

North Carolina state tax summary, including corporate and individual North Carolina income taxes, credits, exemptions, deductions and more. Includes North Carolina estate, gift and inheritance tax, miscellaneous North Carolina taxes, pass-through entity treatment, payroll taxes, property taxes and North Carolina sales & use taxes.

North Carolina ranks #39 on the State Business Tax Climate Index (TaxFoundation.org).

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    taxmOuth North Carolina Taxes

North Carolina Tax Contacts

North Carolina Tax FAQs

North Carolina Tax Forms

North Carolina Corporate Taxes

  • taxmOuth North Carolina Corporate Taxes
  • North Carolina Tax Rates & Brackets:

    6.9%> $0
  • Loss Carry-back/fwd: 0 Years Back / 15 Years Forward (Unlimited)
  • Throwback Sales?: N
  • Foreign Tax Deductible?: N
  • Alternative Minimum Tax (AMT): N
  • Gross Receipts Tax: N
  • Capital Stock (Net Worth) Tax?: 0.150% ($15,000 max.)

North Carolina Tax Incentives and Credits

North Carolina Individual Income Taxes

  • taxmOuth North Carolina Individual Income Taxes
  • North Carolina tax rates and brackets:

    6%> $0
    7%> $12,750
    7.75%> $60,000
  • Local Option IT Rate: None
  • Federal Inc used as Base?: Y
  • Standard Deductions: Single $3,000 / Joint $6,000
  • Personal Exemptions/Credits (c): Single $3,500 / Joint $7,000 / Dependent $3,500
  • Federal Tax Deductible?: N
  • State Tax Deductible?: Y
  • Alternative Minimum Tax (AMT)?: N

North Carolina Estate, Gift and Inheritance Taxes

North Carolina Miscellaneous Taxes

North Carolina Pass-through Tax Treatment

North Carolina Payroll Taxes

North Carolina Property Taxes

  • taxmOuth North Carolina Property Taxes
  • Median Tax Paid on Homes (Rank): $1,159 (#38)
  • Median Value of Homes: $154,500
  • Tax as % of Home Value (Rank): 0.75% (#30)
  • Median Income of Homeowner: $57,790
  • Tax as % of Income (Rank): 2.01% (#35)

North Carolina Sales and Use Taxes

  • taxmOuth North Carolina Sales and Use Taxes
  • State Rate: 5.50%
  • County & City (Weighted Ave): 2.57%
  • Combined State and Ave. Local Rates (Rank): 8.07% (#8)
  • General Treatment of Services: Exempt
  • Gasoline: Exempt
  • Groceries: Exempt

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