UTILITIES & TAXES

North Carolina Corporate Income Tax


Between 1996 and 2000, North Carolina's corporate income tax has been reduced from 7.75% to 6.9%.

Randolph County Tax Rate: $0.50 (per $100 of assessed property)

Randolph County has the lowest property tax rate in the 12 county Piedmont Triad Region and one of the lowest tax rates in the state!

 

City Taxes

Municipality

City Rate

Municipality

City Rate

Archdale

$0.230

Ramsuer

$0.460

Asheboro

$0.500

Randleman

$0.480

Franklinville

$0.400

Seagrove

$0.400

Liberty

$0.480

Staley

$0.125
 

Trinity

$0.050
 

  • Tax Credits are available for job creation, worker training, research & development and tangible business property.

  • Companies will receive tax credits for investment in machinery and equipment and for job creation.

  • A worker training credit for up to $500 per employee is available.

  • State Sales Tax: 7%

  • There is no state inventory tax.

Randolph County Utilities


Water System

Daily Capacity

Excess Capacity

Wastewater System

Excess Capacity

Archdale

1,000,000

300,000

Archdale

750,000

Asheboro

12,000,000

6,000,000

Asheboro

4,500,000

Liberty

300,000

100,000

Liberty

181,250

Ramseur

1,500,000

950,000

Ramseur

260,000

Randleman

1,500,000

400,000

Randleman

725,000

 

Power Suppliers: Duke Energy, Progress Engery

Electric Memberships: Randolph Electric Membership

Natural Gas Suppliers: Piedmont Natural Gas

Rate Schedules Available Upon Request