Texas vs Mississippi Taxes: Income, Property & Sales

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

Texas vs Mississippi Income Tax Comparison

	Texas	Mississippi
Income Tax Rates & Thresholds	None	4.00%: $5,000-$10,000 5.00%: $10,001+
Median Income	$74,640	$48,610
Income Tax Paid On Median Household Income	$9,189	$5,789
Income After Tax Based on Median Household Income	$65,451	$42,821

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Texas vs Mississippi Property Tax Comparison

	Texas	Mississippi
Average Property Tax Rate	1.25%	0.55%
Average House Price By State	$305,497	$171,998
Average Property Tax Owed Per Year	$3,819	$946
Income After Income Taxes & Property Taxes Based On Median State Household Income	$61,632	$41,875

Texas vs Mississippi Sales Tax Comparison

	Texas	Mississippi
Average State Sales Tax	6.25%	7.00%
Average Local Sales Tax Across the State	1.95%	0.07%
Average Combined Sales Tax Rate	8.20%	7.07%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,671	$2,765
Maximum Disposable Income Based on Median Household Income	$56,961	$39,110

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

	Texas	Mississippi
Income Tax Owed	$3,040	$4,325
After Tax Income	$36,960	$35,675
Income After Income & Property Tax	$33,141	$34,729
Maximum Disposable Income After Income, Property & Sales Taxes	$30,630	$32,436

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

	Texas	Mississippi
Income Tax Owed	$5,968	$8,253
After Tax Income	$54,032	$51,747
Income After Income & Property Tax	$50,213	$50,801
Maximum Disposable Income After Income, Property & Sales Taxes	$46,408	$47,447

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

	Texas	Mississippi
Income Tax Owed	$10,368	$13,653
After Tax Income	$69,632	$66,347
Income After Income & Property Tax	$65,813	$65,401
Maximum Disposable Income After Income, Property & Sales Taxes	$60,826	$61,082

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

	Texas	Mississippi
Income Tax Owed	$14,768	$19,053
After Tax Income	$85,232	$80,947
Income After Income & Property Tax	$81,413	$80,001
Maximum Disposable Income After Income, Property & Sales Taxes	$75,243	$74,718

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

	Texas	Mississippi
Income Tax Owed	$8,481	$12,351
After Tax Income	$91,519	$87,649
Income After Income & Property Tax	$87,700	$86,703
Maximum Disposable Income After Income, Property & Sales Taxes	$81,054	$80,978

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

	Texas	Mississippi
Income Tax Owed	$18,536	$24,906
After Tax Income	$131,464	$125,094
Income After Income & Property Tax	$127,645	$124,148
Maximum Disposable Income After Income, Property & Sales Taxes	$117,972	$115,950

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

	Texas	Mississippi
Income Tax Owed	$29,536	$38,406
After Tax Income	$170,464	$161,594
Income After Income & Property Tax	$166,645	$160,648
Maximum Disposable Income After Income, Property & Sales Taxes	$154,016	$150,040

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

	Texas	Mississippi
Income Tax Owed	$41,455	$52,825
After Tax Income	$208,545	$197,175
Income After Income & Property Tax	$204,726	$196,229
Maximum Disposable Income After Income, Property & Sales Taxes	$189,211	$183,272

FAQ

Does Texas or Mississippi have lower income taxes?

Texas’s income tax falls into the following range: None

Whereas Mississippi’s income tax is the following

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

Does Texas or Mississippi have lower property taxes?

Texas has an average property tax rate of 1.25%

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

Does Texas or Mississippi have lower sales taxes?

Texas has a state sales tax rate of 6.25% and an average local rate of 1.95% for a combined total rate of 8.20%.

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 Texas or Mississippi?

Based on median household income after income, property and sales taxes Texas gives you a maximum amount of disposable income of $56,961

In comparison, Mississippi gives you $39,110.

More Comparisons:

Texas vs Kansas
Texas vs New Mexico
Texas vs Nebraska
Texas vs Idaho
Texas 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/