The City of Concord offers a number of grants to businesses in an effort to attract businesses and investment to the community. These grants are provided through a tax incentive program. The City of Concord is committed to retaining its "business friendly" reputation by helping businesses expand.
City of Concord Grants
Economic Development Grant Program (pdf)
Center City Development Grant (pdf)
Downtown Municipal Service District Grant Program (pdf)
Ad Valorem Tax
The City of Concord has one of the lowest tax rates of any city its size in North Carolina. Local property taxes on real and personal property are paid annually through the Cabarrus County Tax Administration Office. To simplify tax bills, City of Concord taxes are paid to the Cabarrus County Tax Administration Office. The fiscal year of the City of Concord and Cabarrus County is from July 1st to June 30th. Tax bills are due on September 1st; however, bills are not delinquent until after January 5th of the subsequent year.
Fiscal Year 2020-2021 City of Concord rate: $.48/$100 valuation
Fiscal Year 2020-2021 Cabarrus County rate: $.74/$100 valuation
Other tax rates
For information on property taxes, the Cabarrus County Tax Office can can provide assistance at 704-920-2119 or via email at email@example.com.
Questions pertaining to City of Concord tax can be submitted on the City's Finance Department web form.
City Privilege License
Effective July 1, 2015, the City of Concord no longer requires businesses to secure a privilege license (see S.L. 2014-3/House Bill 1050). However, businesses which hold North Carolina ABC Commission permits must still apply for the City of Concord Beer/Wine Permit with the City Tax Collections Office. The time period of the annual Beer/Wine License is from May 1 to April 30 of each year.
Please note that all businesses are required to secure a Certificate of Compliance before occupying a commercial space.
North Carolina State Taxes
North Carolina Corporate Income and Franchise Tax
Withholding State Taxes for Employees
Unemployment Insurance Tax
North Carolina Department of Revenue
Sales and Use Tax
Other State Taxes (such as amusement tax; cigarette excise tax; soft drink excise tax; franchise tax; and fuel tax)
Internal Revenue Service
320 Federal Place
Greensboro, NC 27401
336-378-2193 General Information
800-829-3676 Forms & Publications Distribution Center
800-829-1040 Questions/Tax Topics Hotline