Maryland vs Mississippi Taxes: Income, Property & Sales

Does Maryland or Mississippi have lower taxes? We answer that in a variety of ways below:

Maryland vs Mississippi Income Tax Comparison

	Maryland	Mississippi
Income Tax Rates & Thresholds	2.00%: $0-$1,000 3.00%: $1,001-$2,000 4.00%: $2,001-$3,000 4.75%: $3,001-$100,000 5.00%: $100,001-$125,000 5.25%: $125,001-$150,000 5.50%: $150,001-$250,000 5.75%: $250,001+	4.00%: $5,000-$10,000 5.00%: $10,001+
Median Income	$108,200	$48,610
Income Tax Paid On Median Household Income	$21,525	$5,789
Income After Tax Based on Median Household Income	$86,675	$42,821

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Maryland vs Mississippi Property Tax Comparison

	Maryland	Mississippi
Average Property Tax Rate	0.76%	0.55%
Average House Price By State	$416,643	$171,998
Average Property Tax Owed Per Year	$3,166	$946
Income After Income Taxes & Property Taxes Based On Median State Household Income	$83,509	$41,875

Maryland vs Mississippi Sales Tax Comparison

	Maryland	Mississippi
Average State Sales Tax	6.00%	7.00%
Average Local Sales Tax Across the State	0.00%	0.07%
Average Combined Sales Tax Rate	6.00%	7.07%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,727	$2,765
Maximum Disposable Income Based on Median Household Income	$78,782	$39,110

After Tax Comparison Earning $40,000 Per Year Filing As Single

	Maryland	Mississippi
Income Tax Owed	$4,624	$4,325
After Tax Income	$35,376	$35,675
Income After Income & Property Tax	$32,210	$34,729
Maximum Disposable Income After Income, Property & Sales Taxes	$30,386	$32,436

After Tax Comparison Earning $60,000 Per Year Filing As Single

	Maryland	Mississippi
Income Tax Owed	$8,502	$8,253
After Tax Income	$51,498	$51,747
Income After Income & Property Tax	$48,332	$50,801
Maximum Disposable Income After Income, Property & Sales Taxes	$45,596	$47,447

After Tax Comparison Earning $80,000 Per Year Filing As Single

	Maryland	Mississippi
Income Tax Owed	$13,852	$13,653
After Tax Income	$66,148	$66,347
Income After Income & Property Tax	$62,982	$65,401
Maximum Disposable Income After Income, Property & Sales Taxes	$59,417	$61,082

After Tax Comparison Earning $100,000 Per Year Filing As Single

	Maryland	Mississippi
Income Tax Owed	$19,202	$19,053
After Tax Income	$80,798	$80,947
Income After Income & Property Tax	$77,632	$80,001
Maximum Disposable Income After Income, Property & Sales Taxes	$73,237	$74,718

After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly

	Maryland	Mississippi
Income Tax Owed	$12,651	$12,351
After Tax Income	$87,349	$87,649
Income After Income & Property Tax	$84,183	$86,703
Maximum Disposable Income After Income, Property & Sales Taxes	$79,417	$80,978

After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly

	Maryland	Mississippi
Income Tax Owed	$25,081	$24,906
After Tax Income	$124,919	$125,094
Income After Income & Property Tax	$121,753	$124,148
Maximum Disposable Income After Income, Property & Sales Taxes	$114,861	$115,950

After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly

	Maryland	Mississippi
Income Tax Owed	$38,588	$38,406
After Tax Income	$161,412	$161,594
Income After Income & Property Tax	$158,246	$160,648
Maximum Disposable Income After Income, Property & Sales Taxes	$149,288	$150,040

After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly

	Maryland	Mississippi
Income Tax Owed	$53,167	$52,825
After Tax Income	$196,833	$197,175
Income After Income & Property Tax	$193,667	$196,229
Maximum Disposable Income After Income, Property & Sales Taxes	$182,704	$183,272

FAQ

Does Maryland or Mississippi have lower income taxes?

Maryland’s income tax falls into the following range:

• 2.00%: $0-$1,000
• 3.00%: $1,001-$2,000
• 4.00%: $2,001-$3,000
• 4.75%: $3,001-$100,000
• 5.00%: $100,001-$125,000
• 5.25%: $125,001-$150,000
• 5.50%: $150,001-$250,000
• 5.75%: $250,001+

Whereas Mississippi’s income tax is the following

• 4.00%: $5,000-$10,000
• 5.00%: $10,001+

Does Maryland or Mississippi have lower property taxes?

Maryland has an average property tax rate of 0.76%

In comparison, Mississippi has an average property tax rate of 0.55%

Does Maryland or Mississippi have lower sales taxes?

Maryland has a state sales tax rate of 6.00% and an average local rate of 0.00% for a combined total rate of 6.00%.

In contrast, Mississippi has a state sales tax rate of 7.00% and an average local rate of 0.07% for a combined total rate of 7.07%.

Do you get to keep more money in Maryland or Mississippi?

Based on median household income after income, property and sales taxes Maryland gives you a maximum amount of disposable income of $78,782

In comparison, Mississippi gives you $39,110.

More Comparisons:

Maryland vs Kansas
Maryland vs New Mexico
Maryland vs Nebraska
Maryland vs Idaho
Maryland vs West Virginia

Sources:

https://en.wikipedia.org/wiki/State_income_tax#Rates_by_jurisdiction

https://www.bankrate.com/real-estate/property-tax-by-state/#by-state

https://fred.stlouisfed.org/release/tables?eid=259515&rid=249

https://www.fool.com/the-ascent/research/average-house-price-state/

https://taxfoundation.org/data/all/state/2022-sales-taxes/

https://www.forbes.com/advisor/income-tax-calculator/