North Carolina is the fourth fastest-growing state in the U.S. (2008 data). Rapid urbanization in the past thirty years has transformed North Carolina into the ninth wealthiest state (with a $400.2 billion gross state product in 2008). There are 100 counties and three major “Metropolitan Combined Statistical Areas,” each with populations of over 1.5 million.
North Carolina also boasts a largely diverse economy and geography. It recognizes eight Native American tribes and is home to the largest population of Native Americans east of the Mississippi River. It has a wide range of elevations, from sea level on the Atlantic coast to coastal plains and the Appalachian Mountains. North Carolina is also one of the most military-friendly states and the location of Fort Bragg, “Home of the Airborne and Special Operations Forces.”
Known as “the Tar Heel State” and “the Old North State,” North Carolina imposes a variety of taxes on residents, part-year residents, and nonresidents. While individual counties enforce property taxes, most major taxes are administered by the Department of Revenue ― such as personal income tax, sales and use tax, and corporate taxes.
As a true North Carolinian, you know that “Carolina on My Mind” is the unofficial state anthem and you know who makes the best pork barbecue. It is also important to know which taxes affect you and how to prepare and pay them. The following information will give you a general understanding of North Carolina’s tax system, as well as tips on filing your individual taxes.
TABLE OF CONTENTS
General Information About North Carolina Tax Laws
- • Personal Income Tax
- • Sales and Use Tax
- • Corporate Tax
- • Property Tax
- • Other Taxes
Notable Changes In Policy/Legislation
Information About Filing Your North Carolina Taxes
Tax Tips & Helpful Facts
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