Mississippi vs Montana Taxes: Income, Property & Sales

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

Mississippi vs Montana Income Tax Comparison

	Mississippi	Montana
Income Tax Rates & Thresholds	4.00%: $5,000-$10,000 5.00%: $10,001+	1.00%: $0-$3,300 2.00%: $3,301-$5,800 3.00%: $5,801-$8,900 4.00%: $8,901-$12,000 5.00%: $12,001-$15,400 6.00%: $15,401-$19,800 6.75%: $19,801+
Median Income	$48,610	$72,980
Income Tax Paid On Median Household Income	$5,789	$12,678
Income After Tax Based on Median Household Income	$42,821	$60,302

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Mississippi vs Montana Property Tax Comparison

	Mississippi	Montana
Average Property Tax Rate	0.55%	0.65%
Average House Price By State	$171,998	$447,845
Average Property Tax Owed Per Year	$946	$2,911
Income After Income Taxes & Property Taxes Based On Median State Household Income	$41,875	$57,391

Mississippi vs Montana Sales Tax Comparison

	Mississippi	Montana
Average State Sales Tax	7.00%	0.00%
Average Local Sales Tax Across the State	0.07%	0.00%
Average Combined Sales Tax Rate	7.07%	0.00%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$2,765	$0
Maximum Disposable Income Based on Median Household Income	$39,110	$57,391

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

	Mississippi	Montana
Income Tax Owed	$4,325	$4,669
After Tax Income	$35,675	$35,331
Income After Income & Property Tax	$34,729	$32,420
Maximum Disposable Income After Income, Property & Sales Taxes	$32,436	$32,420

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

	Mississippi	Montana
Income Tax Owed	$8,253	$8,947
After Tax Income	$51,747	$51,053
Income After Income & Property Tax	$50,801	$48,142
Maximum Disposable Income After Income, Property & Sales Taxes	$47,447	$48,142

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

	Mississippi	Montana
Income Tax Owed	$13,653	$14,697
After Tax Income	$66,347	$65,303
Income After Income & Property Tax	$65,401	$62,392
Maximum Disposable Income After Income, Property & Sales Taxes	$61,082	$62,392

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

	Mississippi	Montana
Income Tax Owed	$19,053	$20,447
After Tax Income	$80,947	$79,553
Income After Income & Property Tax	$80,001	$76,642
Maximum Disposable Income After Income, Property & Sales Taxes	$74,718	$76,642

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

	Mississippi	Montana
Income Tax Owed	$12,351	$13,660
After Tax Income	$87,649	$86,340
Income After Income & Property Tax	$86,703	$83,429
Maximum Disposable Income After Income, Property & Sales Taxes	$80,978	$83,429

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

	Mississippi	Montana
Income Tax Owed	$24,906	$27,089
After Tax Income	$125,094	$122,911
Income After Income & Property Tax	$124,148	$120,000
Maximum Disposable Income After Income, Property & Sales Taxes	$115,950	$120,000

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

	Mississippi	Montana
Income Tax Owed	$38,406	$41,464
After Tax Income	$161,594	$158,536
Income After Income & Property Tax	$160,648	$155,625
Maximum Disposable Income After Income, Property & Sales Taxes	$150,040	$155,625

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

	Mississippi	Montana
Income Tax Owed	$52,825	$56,758
After Tax Income	$197,175	$193,242
Income After Income & Property Tax	$196,229	$190,331
Maximum Disposable Income After Income, Property & Sales Taxes	$183,272	$190,331

FAQ

Does Mississippi or Montana have lower income taxes?

Mississippi’s income tax falls into the following range:

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

Whereas Montana’s income tax is the following

• 1.00%: $0-$3,300
• 2.00%: $3,301-$5,800
• 3.00%: $5,801-$8,900
• 4.00%: $8,901-$12,000
• 5.00%: $12,001-$15,400
• 6.00%: $15,401-$19,800
• 6.75%: $19,801+

Does Mississippi or Montana have lower property taxes?

Mississippi has an average property tax rate of 0.55%

In comparison, Montana has an average property tax rate of 0.65%

Does Mississippi or Montana have lower sales taxes?

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%.

In contrast, Montana has a state sales tax rate of 0.00% and an average local rate of 0.00% for a combined total rate of 0.00%.

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

Based on median household income after income, property and sales taxes Mississippi gives you a maximum amount of disposable income of $39,110

In comparison, Montana gives you $57,391.

More Comparisons:

Mississippi vs Rhode Island
Mississippi vs Delaware
Mississippi vs South Dakota
Mississippi vs North Dakota
Mississippi vs Alaska

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/