Taxes in Hickory, North Carolina
Complete tax guide for Hickory, NC. State income tax up to 4.5%, 0.78% property tax, 5.56% sales tax. Calculate your total tax burden.
State Income Tax
4.5%
North Carolina
Property Tax
0.78%
Effective rate
Sales Tax
5.56%
Combined rate
Tax Burden
Moderate
Hickory, NC Tax Overview
Population
44,147
Median Income
$50,900
Cost of Living
88.5 (100 = avg)
State Income Tax
4.5%
Median Home Price
$266,000
Hickory Tax Calculator
Pre-filled with Hickory median: $50,900
Total Tax Burden in Hickory
$10,254
Take-Home: $40,646 · Effective Rate: 20.15%
Federal Tax
$4,070
8.00% eff.
NC State
$2,291
4.50% eff.
FICA
$3,894
7.65% eff.
Take-Home
$40,646
79.85% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $50,900.00 | $4,241.67 |
| Federal Income Tax | -$4,069.50 | -$339.13 |
| North Carolina State Tax | -$2,290.50 | -$190.88 |
| Social Security (6.2%) | -$3,155.80 | -$262.98 |
| Medicare (1.45%) | -$738.05 | -$61.50 |
| Take-Home Pay | $40,646.15 | $3,387.18 |
Property Tax in Hickory
Median Home
$266,000
Annual Tax
$2,075
Monthly Tax
$173
Effective Rate
0.78%
Sales Tax in Hickory
Combined Rate
5.56%
State Portion
~3.1%
Local Portion
~2.5%
The combined sales tax rate in Hickory is 5.56%, which is below the national average of 7.12%. On a $100 purchase, you would pay $5.56 in sales tax.
Tax Burden Comparison
| Tax Type | Hickory | North Carolina Avg | National Avg |
|---|---|---|---|
| Income Tax | 4.5% | 4.5% | 4.6% |
| Property Tax | 0.78% | ~0.78% | 1.1% |
| Sales Tax | 5.56% | ~5.56% | 7.12% |
| Overall Burden | Moderate | — | Moderate |
Tax Saving Tips for Hickory 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 Hickory (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
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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 Hickory, NC?
Hickory, 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 5.56%.
How much is property tax in Hickory?
The effective property tax rate in Hickory is 0.78%. On the median home price of $266,000, this equals approximately $2,075 per year or $173 per month. This is below the national average of 1.1%.
What is the sales tax rate in Hickory?
The combined sales tax rate in Hickory is 5.56%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Hickory's tax burden compare to other cities?
Hickory has a moderate overall tax burden. The effective total tax rate for a median-income household is approximately 25.4%. The combination of 4.5% state income tax, 0.78% property tax, and 5.56% sales tax determines the total burden. Cost of living index is 88.5 (100 = national average).
Are there any local taxes in Hickory?
Hickory 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).