Does Mississippi or West Virginia have lower taxes? We answer that in a variety of ways below:
Mississippi vs West Virginia Income Tax Comparison
Mississippi | West Virginia | |
Income Tax Rates & Thresholds |
|
|
Median Income | $48,610 | $52,460 |
Income Tax Paid On Median Household Income | $5,789 | $6,738 |
Income After Tax Based on Median Household Income | $42,821 | $45,722 |
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Mississippi vs West Virginia Property Tax Comparison
Mississippi | West Virginia | |
Average Property Tax Rate | 0.55% | 0.47% |
Average House Price By State | $171,998 | $155,687 |
Average Property Tax Owed Per Year | $946 | $732 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $41,875 | $44,990 |
Mississippi vs West Virginia Sales Tax Comparison
Mississippi | West Virginia | |
Average State Sales Tax | 7.00% | 6.00% |
Average Local Sales Tax Across the State | 0.07% | 0.52% |
Average Combined Sales Tax Rate | 7.07% | 6.52% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $2,765 | $2,754 |
Maximum Disposable Income Based on Median Household Income | $39,110 | $42,236 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Mississippi | West Virginia | |
Income Tax Owed | $4,325 | $4,525 |
After Tax Income | $35,675 | $35,475 |
Income After Income & Property Tax | $34,729 | $34,743 |
Maximum Disposable Income After Income, Property & Sales Taxes | $32,436 | $32,617 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Mississippi | West Virginia | |
Income Tax Owed | $8,253 | $8,623 |
After Tax Income | $51,747 | $51,377 |
Income After Income & Property Tax | $50,801 | $50,645 |
Maximum Disposable Income After Income, Property & Sales Taxes | $47,447 | $47,545 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Mississippi | West Virginia | |
Income Tax Owed | $13,653 | $8,623 |
After Tax Income | $66,347 | $71,377 |
Income After Income & Property Tax | $65,401 | $70,645 |
Maximum Disposable Income After Income, Property & Sales Taxes | $61,082 | $66,321 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Mississippi | West Virginia | |
Income Tax Owed | $19,053 | $20,013 |
After Tax Income | $80,947 | $79,987 |
Income After Income & Property Tax | $80,001 | $79,255 |
Maximum Disposable Income After Income, Property & Sales Taxes | $74,718 | $74,404 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Mississippi | West Virginia | |
Income Tax Owed | $12,351 | $13,596 |
After Tax Income | $87,649 | $86,404 |
Income After Income & Property Tax | $86,703 | $85,672 |
Maximum Disposable Income After Income, Property & Sales Taxes | $80,978 | $80,428 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Mississippi | West Virginia | |
Income Tax Owed | $24,906 | $26,901 |
After Tax Income | $125,094 | $123,099 |
Income After Income & Property Tax | $124,148 | $122,367 |
Maximum Disposable Income After Income, Property & Sales Taxes | $115,950 | $114,877 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Mississippi | West Virginia | |
Income Tax Owed | $38,406 | $41,151 |
After Tax Income | $161,594 | $158,849 |
Income After Income & Property Tax | $160,648 | $158,117 |
Maximum Disposable Income After Income, Property & Sales Taxes | $150,040 | $148,439 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Mississippi | West Virginia | |
Income Tax Owed | $52,825 | $56,320 |
After Tax Income | $197,175 | $193,680 |
Income After Income & Property Tax | $196,229 | $192,948 |
Maximum Disposable Income After Income, Property & Sales Taxes | $183,272 | $181,138 |
FAQ
Does Mississippi or West Virginia have lower income taxes?
Mississippi’s income tax falls into the following range:
- 4.00%: $5,000-$10,000
- 5.00%: $10,001+
Whereas West Virginia’s income tax is the following
- 3.00%: $0-$10,000
- 4.00%: $10,001-$25,000
- 4.50%: $25,001-$40,000
- 6.00%: $40,001-$60,000
- 6.50%: $60,001+
Does Mississippi or West Virginia have lower property taxes?
Mississippi has an average property tax rate of 0.55%
In comparison, West Virginia has an average property tax rate of 0.47%
Does Mississippi or West Virginia 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, West Virginia has a state sales tax rate of 6.00% and an average local rate of 0.52% for a combined total rate of 6.52%.
Do you get to keep more money in Mississippi or West Virginia?
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, West Virginia gives you $42,236.
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