Taxes
Taxes – Key Factor Summary
- Neither North Carolina nor Pitt County levies an inventory tax
- North Carolina has a low per capita tax burden
- State and local taxes are well balanced between corporate and individual taxpayers
- Maximum state corporate tax rate is 6.9%
- Current County property tax rate is $.665/$100 based on 2008 values
- Neither Pitt County nor any of its communities levy an income tax
- North Carolina levies a 4.75% retail sales tax
- Pitt County levies a 2.25% local sales tax, more than half of which is allocated for public schools
- Corporations commencing business in 2010 are subject to an employment security tax of 1.20% during the first 2 years and based on an experience rating thereafter
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