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Operating Costs

Taxes

The local tax base of Cabarrus County is comparatively low, making the region an affordable destination. The tax base for the county is figured at $0.740/$100 of valuation.

Click here for more information on local taxes.

Click here for more information on state taxes.

The following table outlines tax rates per the five municipalities in Cabarrus County.

Municipality County Rate City/Town Rate Combined Rate
Concord 0.576 0.4200 0.9960
Kannapolis 0.576 0.5595 1.1355
Harrisburg 0.576 0.4100 0.9860
Midland 0.576 0.2000 0.7760
Mount Pleasant 0.576 0.3900 0.9660
Tax Rates for Fiscal Year July 1, 2024 to June 30, 2025

Local and State Business Incentives

As any company looking to build or relocate in Cabarrus County needs to know, there are several tax credits, competitive grants and discretionary funds available to assist in attracting business to the region. It is these types of financial incentives and training programs that help to spur growth and create jobs by establishing a healthy and competitive environment with which to do business.

Cabarrus County — along with its municipalities and the State of North Carolina — offers competitive grants, financial assistance, and training programs for new and existing companies.

Local Grant Programs

North Carolina Incentives and Grant Programs
(Provided by the Economic Development Partnership of North Carolina)

    In addition to having the lowest corporate tax rate in the US, the state offers targeted, performance-based programs to help businesses grow in North Carolina.

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