NC is regularly ranked as one of the lowest taxed states in the US – #3 Lowest State and Local Business Tax Burden (Ernst & Young, 2015).  One reason is the low property tax rates and reasonable valuations, including in Martin County.

Income Tax

The state of North Carolina levies income tax on individuals and businesses in North Carolina. Neither Martin County nor its municipalities levies an income tax.

Corporate income tax

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. Net taxable income shall be the same as taxable income as defined in the Internal Revenue Code in effect for the income year for which the returns are to be filed, subject to the adjustments.

The state corporate income tax is 2.5 % as of 2020. See for more information.

In the case of a corporation which has business operations both within and without North Carolina, its net taxable income shall be allocated and apportioned to this State in accordance with state statutes.

Individual income tax

North Carolina taxable income is taxable income as calculated for federal income tax purposes, with certain adjustments. As of 2020, the NC individual income tax rate is 5.25 %. See for more information.

Sales Tax

The State of North Carolina levies a sales and use tax at a rate of 4.75%.  Martin County has a local sales and use tax rate of 2.25% making the total sales tax rate 7% in Martin County.

For more information on income or sales taxes, visit the NC Department of Revenue website at

Property Taxes

The three main elements of the property tax system in North Carolina counties are real property, personal property, and motor vehicles. Real property consists of land and buildings. Personal property consists of tangible personal property or all personal property that is not intangible and is not permanently affixed to real property. Taxes are due on September 1 each year. Payment without interest may be made through January 5. Motor vehicles, if registered, are assessed according to its registration renewal date.


Martin County Property Tax Rates 2020-21 Fiscal Year

Martin County.810
Bear Grass.270
Oak City.450
Fire Districts
Bear Grass.065
Goose Nest.060

Martin County Economic Development Corporation
415 East Blvd #130, Williamston, NC 27892