Mississippi has a flat 4.00 percent individual income tax rate on income above $10,000. Mississippi has a flat 4.00 percent corporate income tax rate, 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 0.58 percent effective property tax rate on owner-occupied housing value. Mississippi does not have an estate tax or inheritance tax. Mississippi’s gas tax is 21.4 cents per gallon, and its cigarette excise tax is $0.68 per pack of 20 cigarettes.
Mississippi raises tax revenue primarily through general sales taxes (35.1 percent of total state and local tax revenue), property taxes (26.4 percent), and individual income taxes (16.8 percent). Mississippi collects $4,868 in state and local tax collections per capita, carries $4,917 in state and local debt per capita, and has a 59 percent funded ratio of public pension plans. Mississippi’s tax system ranks 27th overall on the 2026 State Tax Competitiveness Index.
Each state’s tax code is a multifaceted system with many moving parts, and Mississippi is no exception. Use the tabs below to compare Mississippi taxes with other states and to see how Mississippi raises tax revenue. You can also browse our tax maps, which are compiled from our annual publication, Facts & Figures 2026: How Does Your State Compare?
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The State Tax Competitiveness Index enables policymakers, taxpayers, and business leaders to gauge how their states’ tax systems compare. While there are many ways to show how much state governments collect in taxes, the Index evaluates how well states structure their tax systems and provides a road map for improvement.
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