Mississippi Property Tax Calculator
Estimate your annual property taxes in Mississippi. Calculate assessed value and apply Mississippi average millage rates.
🗺️Why calculating in this state is different
Mississippi has a simplified income tax structure.
State Income Tax
0% - 5%
Base Sales Tax
7%
State Min Wage
$7.25 / hr
Abbreviation
MS
Mississippi Finance
This calculator uses the latest 2026 data for Mississippi, including the minimum wage of $7.25/hr and the specific state income tax rates (0% - 5%).
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State Tax Rate0% - 5%
📊State Details
State Income Tax
0% - 5%
Base Sales Tax
7%
State Min Wage
$7.25/hr
Abbreviation
MS
Net Income
$54,750.00
after taxes in Mississippi
Gross Income
$75,000.00
Total Tax
$20,250.00
📈Key Metrics
Net Income
$54,750.00
after taxes
State Tax
$3,750.00
state income tax
Effective Tax Rate
27.0%
total tax burden
ℹ️Summary
Gross Income$75,000.00
Federal Tax$16,500.00
State Tax$3,750.00
Net Income$54,750.00
❓Frequently Asked Questions
How are property taxes assessed in Mississippi?
Property taxes in Mississippi are generally assessed at the local county or municipal level based on the fair market value of the property, multiplied by the local millage or tax rate.
Are there property tax exemptions in Mississippi?
Yes, Mississippi often provides homestead exemptions for primary residences, as well as specific exemptions for seniors, veterans, and individuals with disabilities, which can significantly lower your tax bill.
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