Taxes in Concord, North Carolina
Complete tax guide for Concord, NC. State income tax up to 4.5%, 0.78% property tax, 7% sales tax. Calculate your total tax burden.
State Income Tax
4.5%
North Carolina
Property Tax
0.78%
Effective rate
Sales Tax
7%
Combined rate
Tax Burden
Moderate
Concord, NC Tax Overview
Charlotte suburb; motorsports
Population
105,240
Median Income
$67,812
Cost of Living
97.5 (100 = avg)
State Income Tax
4.5%
Median Home Price
$295,000
Concord Tax Calculator
Pre-filled with Concord median: $67,812
Total Tax Burden in Concord
$14,772
Take-Home: $53,040 · Effective Rate: 21.78%
Federal Tax
$6,533
9.63% eff.
NC State
$3,052
4.50% eff.
FICA
$5,188
7.65% eff.
Take-Home
$53,040
78.22% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $67,812.00 | $5,651.00 |
| Federal Income Tax | -$6,532.64 | -$544.39 |
| North Carolina State Tax | -$3,051.54 | -$254.30 |
| Social Security (6.2%) | -$4,204.34 | -$350.36 |
| Medicare (1.45%) | -$983.27 | -$81.94 |
| Take-Home Pay | $53,040.20 | $4,420.02 |
Property Tax in Concord
Median Home
$295,000
Annual Tax
$2,301
Monthly Tax
$192
Effective Rate
0.78%
Sales Tax in Concord
Combined Rate
7%
State Portion
~4.5%
Local Portion
~2.5%
The combined sales tax rate in Concord is 7%, which is below the national average of 7.12%. On a $100 purchase, you would pay $7.00 in sales tax.
Tax Burden Comparison
| Tax Type | Concord | North Carolina Avg | National Avg |
|---|---|---|---|
| Income Tax | 4.5% | 4.5% | 4.6% |
| Property Tax | 0.78% | ~0.78% | 1.1% |
| Sales Tax | 7% | ~7% | 7.12% |
| Overall Burden | Moderate | — | Moderate |
Tax Saving Tips for Concord Residents
- North Carolina's income tax rate of 4.5% is competitive. You may still benefit from maximizing 401(k) contributions ($23,500 limit) to reduce your taxable income at both state and federal levels.
- Property tax in Concord (0.78%) is below the national average of 1.1%. This makes homeownership more affordable here relative to property tax burden.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
Other Cities in North Carolina
Charlotte
ModerateRaleigh
ModerateGreensboro
LowDurham
ModerateWinston-Salem
LowFayetteville
LowCary
HighWilmington
LowHigh Point
Very LowAsheville
ModerateCalculate Your Full North Carolina Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Concord, NC?
Concord, North Carolina has a state income tax rate up to 4.5%. The property tax rate is 0.78% and the combined sales tax rate is 7%. Charlotte suburb; motorsports
How much is property tax in Concord?
The effective property tax rate in Concord is 0.78%. On the median home price of $295,000, this equals approximately $2,301 per year or $192 per month. This is below the national average of 1.1%.
What is the sales tax rate in Concord?
The combined sales tax rate in Concord is 7%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Concord's tax burden compare to other cities?
Concord has a moderate overall tax burden. The effective total tax rate for a median-income household is approximately 27.5%. The combination of 4.5% state income tax, 0.78% property tax, and 7% sales tax determines the total burden. Cost of living index is 97.5 (100 = national average).
Are there any local taxes in Concord?
Concord does not impose a separate local or city income tax. Residents pay the state income tax of 4.5%, federal income tax, and FICA (Social Security and Medicare). Charlotte suburb; motorsports