Taxes

North Carolina Tax Information

• Corporate income tax rate of 2.5% - lowest in the Southeast
• Single sales factor apportionment
• No state inventory tax
• Purchases of qualifying mill machinery, mill machinery parts or accessories, and other qualifying items for specific industries are exempt from the sales and use tax.
   

County Tax Information

• Randolph County property tax rate: $0.50 per $100 of assessed value.
• Randolph County has the 5th lowest tax rate in the 12-county Piedmont Triad Region, and the 40th lowest out of all 100 counties.
• County-wide local sales tax: 7%
• No local income tax

City Taxes