Taxes and Incentives
Property tax rates are low, ranging from $0.38 to $0.6275 per $100 valuation. Property taxes are generated to fund education, public safety, parks and recreation and social services. With communities ranging from urban to rural, Catawba County is well suited to a diverse range of development opportunities.
|PROPERTY TAX/$100 VALUATION (2022-2023)|
|Town of Brookford||$0.52|
|Town of Catawba||$0.58|
|City of Claremont||$0.49|
|City of Conover||$0.50|
|City of Hickory||$0.6275|
|Town of Longview||$0.57|
|Town of Maiden||$0.38|
|City of Newton||$0.54|
4.75% (State of NC) + 2.25% (Catawba County) = 7.00% (combined sales tax rate)
There is no sales tax on Machinery & Equipment used in manufacturing processes, however there is a 1% franchise tax, not to exceed $80 per article.
There is no inventory tax in North Carolina.
NC Corporate Income Tax
NC Personal Income Tax
Catawba County is committed to the growth and diversification of its economy. Catawba County and its local municipalities, in addition to the State of North Carolina, have several programs that offer business relocation assistance and foster new and expanding businesses and industries that generate job creation and investment.
Relocating a business to North Carolina, or anywhere for that matter, requires research, time and investment. The Catawba County EDC can work with you and your company to secure business relocation assistance and find the best available relocation incentives in NC.
Qualifying businesses can receive state incentives in North Carolina including, but not limited to:
- Job development investment grants
- Funding for select business purchases and infrastructure costs
Local incentives are granted by each municipality and then by Catawba County on a case-by-case basis. Enter into a joint economic development agreement to receive the maximum business relocation assistance available.
Some general guidelines for incentives applying to economic development agreements in the Hickory Metro include:
- Companies must submit a letter requesting assistance
- Projects must not have started construction prior to consideration of the application
- Economic development is exclusively for new businesses and existing businesses undertaking expansions
Contact the Catawba County EDC to expedite the process of relocating a business to North Carolina or to ask any questions.