mountain landscape with trees in autumn colors

Business Costs

North Carolina State Taxes
4% Corporate Income Tax Rate, Lowest in the Southeast

North Carolina has a proven commitment to reducing and streamlining business taxes. The state reduced its corporate income tax rate to 4 percent beginning in 2016 – with a further reduction to 3 percent once minimum revenue targets are met – and began a three-year phase-in of single sales-factor apportionment for corporate income tax.

North Carolina is consistently being ranked at the top for business and tax climate.

Local Taxes
Madison County strives to offer a climate favorable to business and industry. Our goal is to create an atmosphere where both existing business can thrive and new business can locate or start up. Madison County’s real property tax rates rank among the top 30 percent in the state.

County Tax Rates:
Madison County’s current real and property tax rate is $0.52 per $100 of valuation (2016). 

Municipal Tax Rates:
All municipal taxes are in addition to the County tax rate (2016). 

  • Mars Hill - $0.47
  • Marshall- $0.49
  • Hot Springs - $0.51

Fire Taxes: 
In addition there are Fire Districts within the County which taxes are assessed for operational costs.

Smokey Mountain .08
Ebbs Chapel .09
Mars Hill .09
Country .07
Walnut .10
Big Pine .06
Jupiter .10
Leicester .14
Spring Creek .02
Laurel .03





Sales Tax: Our Sales Tax rate for the County is 6.75%

Madison County is also designated a Tier 2 County by the state for grants and incentives.

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