The Kiplinger Tax Map: Guide to State Income Taxes, State Sales Taxes, Gas Taxes, Sin Taxes
Tool | Updated October 2019

State-by-State Guide to Taxes

Compare state tax rates and rules — on income, ordinary purchases, gas, sin products, property, and more — across the U.S.

Mississippi

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The Bottom Line
Flag of Mississippi

Tax-Friendly

The Magnolia State is home to some of the cheapest property taxes in the nation. Its income tax levy, already fairly low, is being lightened. For 2018, the first $1,000 is exempt from the state's lowest 3% bracket. For 2019, the first $2,000 of taxable income is exempt. By 2022, the first $5,000 of taxable income will be exempt.

Sales Tax

7% state levy. Only two localities, Jackson (1%) and Tupelo (0.25%) add to that. According to the Tax Foundation, that makes for an average combined rate of 7.07%. Mississippi is one of a minority of states that tax groceries.

Income Tax Range

Low: 3% (on taxable income of $1,000 or more)

High: 5% (on more than $10,000 of taxable income)

Income tax rates are being gradually reduced. By 2022, the first $5,000 of taxable income will be exempt.

See Kiplinger.com’s Retiree Tax Map to learn how Mississippi taxes Social Security income and other forms of retirement income.

Motor Fuel Taxes

Gasoline: $0.1879 per gallon. Hancock, Harrison and Jackson counties charge an additional $0.0300 to fund sea wall construction..
Diesel: $0.1840 per gallon.

Property Taxes

In Mississippi, residents pay an average of $862 in taxes per $100,000 of assessed home value.

Vehicle Taxes

Vehicle sales are taxed at 5%, which is 2% below the general rate. Mississippi also charges an annual property tax on vehicles based on their age and value. Rates for this tax are set at the county level. In Lafayette County, for example, you’d pay $285 on a vehicle valued at $20,000.

Sin Taxes

Cigarettes: $0.68 per pack
Other tobacco products: 15% of the wholesale price

Beer and hard cider: $0.43 per gallon (up to 6% alcohol)
Wine: N/A
Liquor: $8.15 per gallon
Mississippi directly controls the distribution and sale of alcohol. Liquor tax is an estimate by the Distilled Spirits Council of the United States and published by the Tax Foundation.

Taxes On Wireless Service

9.59%

Inheritance and Estate Taxes

None.

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