Greensboro Economic
Development Alliance
342 North Elm Street
Greensboro, NC 27401

Office: (336) 387-8302
Toll-free: (888) 693-6939
Fax: (336) 510-0295

greensboroeda@greensboro.org

Directions to our office »

Taxes

Our tax dollars are used to improve our community. At all levels of government, Greensboro is committed to maintaining a healthy business climate while investing revenue money in the local infrastructure, education and training of the workforce in addition to community improvements. For more detailed information contact Greensboro Economic Development Alliance

Corporate Tax
The corporate income tax rate is 6.9%.

Franchise Tax
The franchise tax rate is $1.50 per $1,000.

Individual Income Tax
Depending on filing status and taxable income, the North Carolina tax rate ranges from 6% to 7.75%.

Inventory Tax
North Carolina has no inventory tax.

Real Estate & Property Tax
Per $100 value:
Greensboro City Rate: .6325
Guilford County Rate: .7824
Kernersville City Rate: .4975
Forsyth County: .674

Retail Sales Tax
Tangible commodities, excluding food, are subject to a 7.75% sales tax in North Carolina

Sales Tax
The sales tax rate is 6.75% (4.75% state tax, 2% local sales and use rate) for most items.
Some items (like liquor & telecommunications) are 7%

State Unemployment Insurance (SUI):
Reserve ratio formula contribution rate Schedule A 
Wage Base is $19,700
Rates range from 0.00% to 6.84%
For more detailed information click here

Workers Compensation Rates
Workers Compensation rates are based on industry type.

If your company is interested in more information about taxes, please contact the Greensboro Economic Development Alliance staff at 1-888-693-6939. Or contact us via email form.