Taxes & Incentives

Strong Incentives for new jobs and investments

Gaston County and the State of North Carolina offer a broad range of incentives for new jobs and investment to foster sustained growth and job creation in our region. The Gaston County Board of Commission recognizes the need for providing strong programs and financial incentives to strengthen and diversify the county’s economy. A continued investment in business and community development and economic diversification has made Gaston County an economical and attractive choice for new and existing businesses.

Government & Taxes

Gaston County is the third largest county in the Charlotte region with a population of 210,000. There are fifteen incorporated cities/towns in the county and several unincorporated communities. Gastonia is the County Seat and the largest City.  View a complete list of Gaston County municipalities.

gaston county property taxes

Gaston County property taxes are per $100 valuation plus a small fire district tax. If a property lies within the corporate limits of any municipality, additional municipal taxes are charged. Click for a complete list of taxes for the current year.

Gaston County sets the property tax rate each July with the adoption of its budget. This tax rate remains in effect until set at the next budget year. The tax is based on the value of real and personal property owned in Gaston County.

Personal property equipment is listed each year and a value assigned to the asset. It is then depreciated according to the schedule established by the North Carolina Department of Revenue.

Real property is assessed by law every eight years. This valuation remains until revalued at an interval no less than every eight years.

Property tax rate for the municipalities are determined on the same basis. Gaston County collects the taxes on behalf of the municipalities, administers all tax value appeals, collection and administration.

sales & use tax

Gaston County sales tax is 6.75%. The State of North Carolina receives a 4.75% and Gaston County receives 2.00%.

north carolina taxes

Visit the NC Department of Revenue for complete information on North Carolina taxes.

Gaston County Incentives

The Gaston County Board of Commission has supported economic development for more than twenty years with an emphasis on tax base development, employer diversification and job creation. In the 1990’s Gaston County established an investment grant program to encourage new companies to locate in the county and existing companies to expand. The program is available on a statutory basis and does not require additional approvals from the Gaston County Board of Commissioners. If the company has met the guidelines for the grant program, they will be eligible for an investment grant for a period of 5-10 years.

Many municipalities in Gaston County have adopted the County’s program. These municipalities include Belmont, Bessemer City, Cherryville, Cramerton, Dallas, Gastonia, Mount Holly and Stanley, which offers a matching grant program. A minimum net new investment of $1 million is required. Kings Mountain has similar programs to the County but with different qualifying requirements.

small business investment grant

If a new or existing business has made investments in business personal property and/or real property during the Calendar Year and if those investments increase the net taxable value of the business by at least $10,000, the Business may qualify for the Small Business Investment Grant. For more detailed information, please see the Small Biz Grant Brochure and/or the Small Biz Grant Application. Applications are due by April 15, 2017.

The Board of Commissioners re-authorized the Small Business Investment Grant for 2016 for the acquisition of business personal property and/or real property made during the 2016 Calendar Year. The application for the 2017 Small Business Investment Grant will be available beginning in January 2017. The application for the 2016 Grant may be filed anytime between January 2, 2017 and April 15, 2017.

Other Cost-Saving Programs

electric energy riders
  • Duke Energy offers a special Economic Re-Development Electrical Rider.
  • City of Gastonia offers a special Economic Development Electrical Rider (ER1) and Economic Development Rider (ERD)

North Carolina Incentives

North Carolina has one of the largest economic development networks in the nation and is dedicated to giving companies the assistance and resources necessary to meet their unique business needs. Targeted, performance-based incentive programs offer businesses a cost-effective place to locate or expand. For State Tax Credits, Gaston County is designated as a Tier 2 County.  For more information on North Carolina incentives contact Gaston County EDC, one of the largest and most experienced economic development staffs in North Carolina.

north carolina incentives & programs include:
tax credits
  • Interactive Digital Media Tax Credit – Provides tax credit for developing interactive digital media.
  • Renewable Energy Tax Credits – Provide a tax credit of 35% of the cost of renewable energy property.
  • Technology Development (Article 3F) Tax Credits – Provide tax credits for qualified North Carolina research expenses during a taxable year.
discretionary programs
  • Job Development Investment Grant Program (JDIG) – JDIG is a discretionary incentive that provides sustained annual grants to new and expanding businesses measured against a percentage of withholding taxes paid by new employees.
  • One North Carolina Fund – Awards grants for job creation and/or retention in conjunction with local government matches.
other cost-saving programs
  • Foreign Trade Zones – Provides opportunities to defer, reduce and/or eliminate import duties.
  • Community Development Block Grants and Industrial Development Fund – Provide grants and loans for infrastructure development to eligible local governments.
  • Recycling Business Assistance Center – Provides grants, tax credits and loans to businesses involved with recycling in North Carolina.
  • Film incentives – Provide tax credits and sales and use tax discounts to encourage film and television production in North Carolina.
  • Industrial Revenue Bonds – Provide tax-exempt financing for eligible new or expanded manufacturing facilities, certain solid waste disposal facilities and sewage disposal facilities.
  • Road Access and Rail Access Programs – Provide funds for the construction of roads and rail access to new or expanded industrial facilities.
  • North Carolina Biotechnology Center – Provides loans and matches to help leverage larger financial awards for biotechnology companies.
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Belmont, NC 28012
704-825-4046
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