taxes

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: $0.6327 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

Municipality
City Rate
Population

Archdale

$0.31

11,631

Asheboro

$0.665

26,141

Franklinville

$0.455

1,090

Liberty

$0.64

2,685

Ramseur

$0.67

1,692

Randleman

$0.63

4,140

Seagrove

$0.44

286

Staley

$0.125

302

Trinity

$0.1000

6,671