Business Costs

PROPERTY TAX RATES – PER $100 OF ASSESSED VALUE

New Hanover County $0.4655 Pender County $0.65
City of Wilmington $0.370 Town of Burgaw $0.57
Town of Wrightsville Beach $0.099

North Carolina has no state property tax or intangibles tax.

Property taxes are levied only by counties and cities.

Real property is revalued every eight years.

Personal property is assessed annually at current market value less an allowance for depreciation.

Taxable items include real property, homes, automobiles, boats, trailers, and mobile homes.

Residents living within the corporate limits of Wilmington, Burgaw, or the beach towns are subject to the tax rate of the municipality in addition to the rate for New Hanover, and Pender counties