Taxes in Mississippi

Top Individual Income Tax Rate

5%

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State and Local Individual Income Tax Collections per Capita

$557

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State and Local Tax Burden

8.6%

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Tax Freedom Day

April 5

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Top Corporate Income Tax Rate

5.00%

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State Business Tax Climate Index Ranking

28

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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

$1104

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

0.61%

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State and Local Property Tax Collections Per Capita

$916


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