Mississippi Tax Overview
Mississippi has been phasing out its income tax brackets and now effectively has a flat-like structure with a 0% rate on the first $10,000 and 4.7% above that. The state is on a path to further reduce and potentially eliminate its income tax. Mississippi has the lowest median household income in the nation but also a very low cost of living.
Mississippi Tax Quick Facts (2026)
| Income Tax | progressive (top rate: 4.7%) |
| Sales Tax (State) | 7.00% |
| Property Tax (Avg Effective) | 0.65% |
| Median Household Income | $52,985 |
| Capital | Jackson |
| Population | 2.9 million |
Mississippi Income Tax Brackets (2026)
| Income Range | Tax Rate |
|---|---|
| $0 — $10,000 | 0.00% |
| $10,000+ | 4.70% |
Frequently Asked Questions About Mississippi Taxes
Does Mississippi have a state income tax?+
Yes, Mississippi has a progressive income tax system with a top marginal rate of 4.7%.
What is the property tax rate in Mississippi?+
The average effective property tax rate in Mississippi is approximately 0.65% of assessed home value. On a $300,000 home, that is about $1,950 per year.
What is the sales tax rate in Mississippi?+
The state sales tax rate in Mississippi is 7.00%. Local jurisdictions may add additional sales tax.
What is the median household income in Mississippi?+
The median household income in Mississippi is approximately $52,985 per year.
How does Mississippi's tax burden compare to other states?+
Mississippi's total tax burden depends on income tax, property tax, and sales tax combined. Use the calculator above to compare your specific situation.
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James Whitfield, CPA, MST
James Whitfield is a Certified Public Accountant with a Master of Science in Taxation. He specializes in US federal and state tax calculations and ensures all tax-related tools meet current IRS guidelines. Last updated: April 2026. Uses 2026 tax year data from state revenue departments and IRS publications.