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Morrisville
Morrisville
North Carolina
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Morrisville is a town located primarily in Wake County, North Carolina (a small portion extends into neighboring Durham County). The population was 18,576 at the 2010 census. The U.S. Census Bureau estimates the town's population to be 21,932 as of July 1, 2013. Morrisville is part of the Research Triangle metropolitan region. The regional name originated after the 1959 creation of the Research Triangle Park, located midway between the cities of Raleigh and Durham. The Research Triangle region encompasses the U.S. Census Bureau's Combined Statistical Area (CSA) of Raleigh-Durham-Cary. The estimated population of the Raleigh-Durham-Cary CSA was 1,565,223 as of July 1, 2006, with the Raleigh-Cary Metropolitan Statistical Area (MSA) portion estimated at 994,551 residents. The headquarters of multinational Lenovo are located in the municipal limits (the other headquarters of the company is located in Beijing, China).

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Taxes

C+

How did North Carolina earn the grade of C+? We examined the state taxes based on how age friendly they are. North Carolina has a state sales tax of 4.75%. Of particular interest is that North Carolina does not have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. North Carolina has an effective property tax rate of 0.86%. Weighing these taxes and other taxes most likely to impact the aging population is how North Carolina earned its state tax grade of C+.

Learn more about taxes in North Carolina

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