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Mississippi Income Tax Calculator — Updated 2026

Mississippi (MS) · State tax: 5% · Property tax: 0.81%

Mississippi levies a 5% state income tax, which applies on top of your federal tax obligations. This creates a combined marginal rate that directly reduces your take-home pay and affects retirement contribution decisions. The cost of living index in Mississippi is 82, so your after-tax dollars go further than the national average. Use this calculator to estimate your total Mississippi income tax liability for 2026, including applicable deductions and credits.

Mississippi Financial Data (2026)

State Income Tax
5%
Property Tax Rate
0.81%
Median Home Price
$245,000
Annual Property Tax (median home)
$1,985
Avg Homeowners Insurance
$1,680/year
Cost of Living Index
82 (100 = avg)
State Estate Tax
No
State Abbreviation
MS