Taxes and Fees

Property Tax Rates (July 2015 – June 2016)

Pasquotank County: $.76 per $100 valuation
Elizabeth City: $.615 per $100 valuation
City Municipal District: $.085 per $100 valuation

Fees (July 2015 – June 2016)

Solid Waste Fee: $144
City Motor Vehicle: $5
City Stormwater, Residential: $35
City Stormwater, Commercial: $.01/SF Impervious Surface; $36 minimum

Sales Tax Rates

Retail sales of tangible personal property not subject to a reduced rate of tax are subject to the 6.75% general State rate of sales or use tax. Groceries are subject to a 2% tax, excluding alcoholic beverages, dietary food, prepared food, soft drinks and candy, which are taxed at the state rate of 6.75%

Corporate Tax Rates

An income tax is levied on the net taxable income of all corporations chartered in North Carolina or doing business in North Carolina, unless they are specifically exempt from tax under G.S. 105-130.11. The state corporate tax rate is 5%.

Franchise Tax Rates

Corporations and Limited Liability Companies pay a franchise tax of $1.50 per $1,000 of capital stock, surplus, and undivided profits or other alternative tax base.

Personal Income Tax Rates

The North Carolina personal income tax rate is 5.75%.

For additional information on taxes, please see
North Carolina Department of Revenue
City of Elizabeth City
Pasquotank County