The Triangle
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 The Tax Man Cometh
The State of North Carolina has a graduated income tax which caps at 7 percent. None of the Triangle cities, Raleigh, Durham or Chapel Hill, has a local income tax and there is no state lottery to supplement treasury funds.
The state's sales tax is 4 percent, but counties have the option to add another 2 percent and all of them do making the effective rate 6 cents for each dollar of merchandise. The current tax on food is 4 percent, but a law passed by the legislature will phase it out soon. There is, however, a 1 percent tax on prepared food and beverages which is automatically added to your restaurant check.
Local governments (cities and counties) raise money primarily through property tax. This tax is levied against real estate as well as personal property so renters have to pay on their personal property, such as automobiles, just as homeowners do. There are separate city and county property tax rates. For example, if you live in Raleigh, you pay both city and county taxes. A Raleigh resident with a house valued at $200,000 would expect a combined property tax bill of $2340 per year. A resident of Wake County not within the city limits would expect to pay $1260 annually.
If you would like a chart of all city and county property rates, visit the Wake County's Official Web site.
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