Income Tax
Mississippi charges a flat 4.7% income tax and has enacted a schedule to phase the rate down toward elimination.
Individual income tax collections
1990–2025Census State Government Tax Collections (FRED MSINCTAX).
Property Tax
Mississippi's effective property tax rate is about 0.79%, below the national average.
State-level property tax collections
1990–2025Census State Government Tax Collections; excludes local property taxes (FRED MSPROPTAX).
| Indicator | Mississippi | U.S. |
|---|---|---|
| Effective property tax rate | 0.79 | 0.9 |
- •Mississippi offers a homestead exemption that further lowers effective property tax bills for owner-occupants.
Sales Tax
Mississippi's state sales tax rate is 7%, among the highest state-level rates in the country.
General sales tax collections
1990–2025Census State Government Tax Collections (FRED MSSALESTAX).
| Indicator | Mississippi | U.S. |
|---|---|---|
| Average combined sales tax | 7.07 | 7 |
- •Mississippi is one of the few states that taxes groceries at the full state sales tax rate.
Tax Burden
Mississippians pay about 8.5% of their income in state and local taxes, below the national average.
State tax collections per resident
1990–2025Census tax collections (MSTOTLTAX) divided by Census resident population (MSPOP).
| Indicator | Mississippi | U.S. |
|---|---|---|
| Total tax burden (% of income) | 8.5 | 10 |
- •Mississippi is phasing toward eliminating its individual income tax over the coming years.
Tax Revenue
Mississippi collected about $7.8 billion in state tax revenue in fiscal year 2023.
State tax collections
1990–2025Census Annual Survey of State Government Tax Collections, fiscal years (FRED MSTOTLTAX).
- •Sales tax is Mississippi's single largest source of state tax revenue.