![2021 cigarette smuggling by state. Compare state tobacco tax rates (state cigarette tax rates)](https://taxfoundation.org/wp-content/uploads/2021/12/2021-cigarette-smuggling-by-state.-Compare-state-tobacco-tax-rates-state-cigarette-tax-rates-300x254.png)
Mississippi Tax Rates, Collections, and Burdens
How does Mississippi’s tax code compare? Mississippi has a flat 4.70 percent individual income tax rate. Mississippi has a graduated corporate income tax, with rates ranging from 4.0 percent to 5.0 percent. Mississippi also has a 7.00 percent state sales tax rate and an average combined state and local sales tax rate of 7.06 percent. Mississippi has a 0.70 percent effective property tax rate on owner-occupied housing value.
Mississippi does not have an estate tax or inheritance tax. Mississippi has an 18.4 cents per gallon gas tax rate and a $0.68 cigarette excise tax rate. The State of Mississippi collects $4,449 in state and local tax collections per capita. Mississippi has $4,995 in state and local debt per capita and has a 66 percent funded ratio of public pension plans. Overall, Mississippi’s tax system ranks 20th on our 2024 State Business Tax Climate Index.
Each state’s tax code is a multifaceted system with many moving parts, and Mississippi is no exception. The first step towards understanding Mississippi’s tax code is knowing the basics. How does Mississippi collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, Facts & Figures 2024: How Does Your State Compare?
State Tax Data
Individual Taxes
Business Taxes
Sales Taxes
All Related Articles
![2021 cigarette smuggling by state. Compare state tobacco tax rates (state cigarette tax rates)](https://taxfoundation.org/wp-content/uploads/2021/12/2021-cigarette-smuggling-by-state.-Compare-state-tobacco-tax-rates-state-cigarette-tax-rates-300x254.png)
![Mississippi income tax reduction options. Mississippi income tax repeal Governor Tate Reeves budget proposal](https://taxfoundation.org/wp-content/uploads/2021/11/Mississippi-income-tax-reduction-options.-Mississippi-income-tax-repeal-Governor-Tate-Reeves-budget-proposal-e1637680544161-300x168.jpeg)
Mississippians Would Benefit from Sustainable Income Tax Reduction
Mississippi lawmakers should deliver tax relief in 2022, but they need not take an all-or-nothing approach. There are many ways to improve the state’s tax code, even if full income tax repeal doesn’t remain on the table.
6 min read![Property taxes by county. Explore 2021 county property tax paid map. Which county has the highest property tax rate? Are property taxes by city or county? Who pays the most property taxes in America?](https://taxfoundation.org/wp-content/uploads/2021/09/Property-taxes-by-county.-2021-county-property-tax-paid-map.-Which-county-has-the-highest-property-tax-rate-Are-property-taxes-by-city-or-county-Who-pays-the-most-property-taxes-in-America-01-01-300x257.jpg)
Property Taxes by County, 2021
The six counties with the highest median property tax payments all have bills exceeding $10,000—Bergen, Essex, and Union Counties in New Jersey, and Nassau, Rockland, and Westchester counties in New York. All six are near New York City, as is the next highest, Passaic County, New Jersey ($9,881).
3 min read![State and local tax deduction benefit by county, compare state and local taxes impact of SALT deduction benefit by county. SALT deduction benefit analysis](https://taxfoundation.org/wp-content/uploads/2021/08/State-and-local-tax-deduction-benefit-by-county-compare-state-and-local-taxes-impact-of-SALT-deduction-benefit-by-county.-SALT-deduction-benefit-analysis-01-300x256.jpg)
Reviewing Benefits of the State and Local Tax Deduction by County in 2018
It is important to understand how the SALT deduction’s benefits have changed since the SALT cap was put into place in 2018 before repealing the cap or making the deduction more generous. Doing so would disproportionately benefit higher earners, making the tax code more regressive.
6 min read![sales tax rates by city, cities with highest sales tax rate, city highest sales tax rate, cities with the highest sales tax](https://taxfoundation.org/wp-content/uploads/2020/07/chicago-090-300x200.jpg)
Sales Tax Rates in Major Cities, Midyear 2021
Neither Anchorage, Alaska, nor Portland, Oregon, impose any state or local sales taxes. Honolulu, Hawaii, has a low rate of 4.5 percent and several other major cities, including Milwaukee and Madison, Wisconsin, keep overall rates modest.
13 min read![2021 sales tax holidays by state and 2021 sales tax holiday data 2021 tax free weekends](https://taxfoundation.org/wp-content/uploads/2021/07/2021-sales-tax-holidays-01-01-e1626886925378-300x258.jpg)
Does Your State Have a Sales Tax Holiday?
Although state budgets may be in unusual places this year, sales tax holidays remain the same as they always have been—ineffective and inefficient.
3 min read![State taxes on lottery winnings state tax lottery winnings and vaccine lottery tax vaccine lotteries](https://taxfoundation.org/wp-content/uploads/2021/06/State-taxes-on-lottery-winnings-state-tax-lottery-winnings-and-vaccine-lottery-tax-vaccine-lotteries-300x258.png)
What Are the Chances Your State Withholds Much of Your Lottery Winnings?
Krispy Kreme may have started the vaccine incentive ball rolling, but many states are putting big money into the effort with vaccine lotteries. Unlike a normal lottery, no one is paying for tickets—but the tax collector still gets paid when someone wins.
2 min read![State taxation of GILTI, Biden Administration Changes to GILTI and FDII Will Yield Automatic State Tax Increases](https://taxfoundation.org/wp-content/uploads/2021/05/President_of_the_United_States_Joe_Biden_2021-300x200.jpg)
Biden Administration Changes to GILTI and FDII Will Yield Automatic State Tax Increases
State taxation of GILTI is unconventional and economically uncompetitive and will become even more so if the federal government adopts a more aggressive approach to taxing GILTI, as outlined in the American Jobs Plan Act.
32 min read![2022 state tax resource center offers leading 2022 state tax resources and 2022 state tax policy resources](https://taxfoundation.org/wp-content/uploads/2021/02/state-map-us-map-3-300x169.jpg)
Location Matters 2021: The State Tax Costs of Doing Business
A landmark comparison of corporate tax costs in all 50 states, Location Matters provides a comprehensive calculation of real-world tax burdens, going beyond headline rates to demonstrate how tax codes impact businesses and offering policymakers a road map to improvement.
8 min read![State conformity to federal pandemic relief, state tax conformity to federal COVID-19 relief legislation (CARES Act, American Rescue Plan), including Paycheck Protection Program (PPP) loans and unemployment compensation tax exclusion.](https://taxfoundation.org/wp-content/uploads/2021/03/State-conformity-to-federal-pandemic-relief-state-tax-conformity-to-federal-COVID-19-relief-legislation-CARES-Act-American-Rescue-Plan-including-Paycheck-Protection-Program-300x262.png)
State Conformity to Federal Pandemic-Related Tax Provisions in CARES and ARPA
With so many federal changes occurring in such a short amount of time—including some federal provisions changing more than once and a major change to the treatment of UC income occurring in the middle of tax filing season—state legislators have faced the challenge of responding to these changes quickly in order to provide certainty to taxpayers.
24 min read