Mississippi (MS) Tax Rates — 2026
Income Tax
4.7%
Sales Tax
7.07%
Property Tax
0.63%
Income Tax
Type: Graduated (marginal brackets)
| From | To | Rate |
|---|---|---|
| $0 | $10,000 | 0% |
| $10,000 | and above | 4.7% |
Standard Deduction: Single: $2,300 | Married Filing Jointly: $4,600
Sales Tax
State Rate7%
Avg Local Rate0.07%
Combined Rate7.07%
Groceries: Taxed
+0.50% vs national avg
Property Tax
Effective Rate0.63%
Median Annual Tax$756
-0.44% vs national avg (1.07%)
Retirement Income Tax
Social SecurityNO
PensionsEXEMPT
401(k) / IRANO
Estate & Inheritance Tax
Has Estate Tax: NO
Corporate Tax
Corporate Income Tax Rate: 5%
Additional Notes
Mississippi exempts the first $10,000 of income from tax. All qualified retirement income (SS, pensions, 401k/IRA) is exempt from state tax. The rate was reduced to 4.7% in 2025 and is scheduled to continue decreasing.
Compare with another state:
Sources: Mississippi Department of Revenue; Tax Foundation, Facts & Figures 2025; IRS Publication 17.