Taxes & Incentives
At 2.5%, North Carolina boasts the lowest corporate income tax rate in the nation. This, coupled with the Town of Garner's pro-business attitude, gives growing companies a compelling reason to locate and do business in Garner. Regardless of your business focus, Garner's pro-business attitude and competitive business environment are ideally suited for manufacturing, retail, or commercial development.
Tax Information
Real and personal property located within the Town of Garner corporate limits is taxed at 100% of the assessed valuation.
Town of Garner tax rate: $0.52/$100 of value (FY25)
Wake County tax rate: $0.5135/$100 of value (FY25)
For more information, contact the Wake County Revenue Department at (919) 856-5400 or visit wakegov.com/tax/Pages/default.aspx.
Incentives for Qualifying Businesses
With a reputation as a pro-business state, North Carolina is a strong competitor for manufacturing and corporate facilities. In recent years, state and local government officials have sought to maintain that competitive position by offering aggressive incentive programs designed to reduce start-up costs and minimize long-term costs.
Town of Garner
Qualifying economic development projects are eligible for incentives from the Town of Garner if they invest at least $5 million in real and personal property. Bonus incentives are given for those companies that create 100+ jobs and or corporate headquarter projects. Please see the Town of Garner Incentive Policy below.
View the
https://www.choosegarnernc.com/s/Town-of-Garner-Investment-Policy
Wake County Incentives
Garner is located within a Targeted Growth Area for Wake County. Companies considering locating in Garner who invest at least $2 million in real and personal property and create 20 jobs may be eligible for incentives through Wake County. For more information regarding Wake County incentives please click the link below.
http://raleigh-wake.org/business-advantages/incentives
State of North Carolina Incentives
The State of North Carolina offers two discretionary incentive programs. The Job Development Investment Grant and the One North Carolina Fund. Please click the links below for more information regarding these two programs.
https://edpnc.com/incentives/one-north-carolina-fund/
https://edpnc.com/incentives/job-development-investment-grant
A combination of tax credit and cash grant programs are available at the state and local levels to meet the needs of most companies. For information on state and regional incentives available to qualifying businesses, contact the North Carolina Department of Commerce at (919) 733-4151 or www.investnc.com. For information on local incentives, contact Garner Economic Development Director Nate Groover at (919) 773-4431 or ngroover@garnernc.gov