Taxes in Mississippi

Top Individual Income Tax Rate

5%

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State and Local Individual Income Tax Collections per Capita

$587

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State and Local Tax Burden

8.6%

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Tax Freedom Day

April 4

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Top Corporate Income Tax Rate

5.00%

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State Business Tax Climate Index Ranking

20

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State Sales Tax Rate

7.00%

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Average Local Sales Tax Rate

0.07%

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Combined State and Average Local Sales Tax Rate

7.07%

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State and Local General Sales Tax Collections per Capita

$1067

State Gasoline Tax Rate (cents per gallon)

18.79¢

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State Cigarette Tax Rate (dollars per 20-pack)

$0.68

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Property Taxes Paid as a Percentage of Owner-Occupied Housing Value

$0.65%

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State and Local Property Tax Collections Per Capita

$899


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