Virginia vs Mississippi Taxes: Income, Property & Sales

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

Virginia vs Mississippi Income Tax Comparison

	Virginia	Mississippi
Income Tax Rates & Thresholds	2.00%: $0-$3,000 3.00%: $3,001-$5,000 5.00%: $5,001-$17,000 5.75%: $17,001+	4.00%: $5,000-$10,000 5.00%: $10,001+
Median Income	$85,170	$48,610
Income Tax Paid On Median Household Income	$15,833	$5,789
Income After Tax Based on Median Household Income	$69,337	$42,821

Top Accounting Software:

Virginia vs Mississippi Property Tax Comparison

	Virginia	Mississippi
Average Property Tax Rate	0.72%	0.55%
Average House Price By State	$376,931	$171,998
Average Property Tax Owed Per Year	$2,714	$946
Income After Income Taxes & Property Taxes Based On Median State Household Income	$66,623	$41,875

Virginia vs Mississippi Sales Tax Comparison

	Virginia	Mississippi
Average State Sales Tax	5.30%	7.00%
Average Local Sales Tax Across the State	0.45%	0.07%
Average Combined Sales Tax Rate	5.75%	7.07%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,623	$2,765
Maximum Disposable Income Based on Median Household Income	$63,001	$39,110

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

	Virginia	Mississippi
Income Tax Owed	$4,771	$4,325
After Tax Income	$35,229	$35,675
Income After Income & Property Tax	$32,515	$34,729
Maximum Disposable Income After Income, Property & Sales Taxes	$30,747	$32,436

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

	Virginia	Mississippi
Income Tax Owed	$8,848	$8,253
After Tax Income	$51,152	$51,747
Income After Income & Property Tax	$48,438	$50,801
Maximum Disposable Income After Income, Property & Sales Taxes	$45,804	$47,447

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

	Virginia	Mississippi
Income Tax Owed	$14,398	$13,653
After Tax Income	$65,602	$66,347
Income After Income & Property Tax	$62,888	$65,401
Maximum Disposable Income After Income, Property & Sales Taxes	$59,469	$61,082

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

	Virginia	Mississippi
Income Tax Owed	$19,948	$19,053
After Tax Income	$80,052	$80,947
Income After Income & Property Tax	$77,338	$80,001
Maximum Disposable Income After Income, Property & Sales Taxes	$73,133	$74,718

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

	Virginia	Mississippi
Income Tax Owed	$13,349	$12,351
After Tax Income	$86,651	$87,649
Income After Income & Property Tax	$83,937	$86,703
Maximum Disposable Income After Income, Property & Sales Taxes	$79,373	$80,978

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

	Virginia	Mississippi
Income Tax Owed	$26,279	$24,906
After Tax Income	$123,721	$125,094
Income After Income & Property Tax	$121,007	$124,148
Maximum Disposable Income After Income, Property & Sales Taxes	$114,428	$115,950

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

	Virginia	Mississippi
Income Tax Owed	$40,154	$38,406
After Tax Income	$159,846	$161,594
Income After Income & Property Tax	$157,132	$160,648
Maximum Disposable Income After Income, Property & Sales Taxes	$148,588	$150,040

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

	Virginia	Mississippi
Income Tax Owed	$54,948	$52,825
After Tax Income	$195,052	$197,175
Income After Income & Property Tax	$192,338	$196,229
Maximum Disposable Income After Income, Property & Sales Taxes	$181,880	$183,272

FAQ

Does Virginia or Mississippi have lower income taxes?

Virginia’s income tax falls into the following range:

• 2.00%: $0-$3,000
• 3.00%: $3,001-$5,000
• 5.00%: $5,001-$17,000
• 5.75%: $17,001+

Whereas Mississippi’s income tax is the following

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

Does Virginia or Mississippi have lower property taxes?

Virginia has an average property tax rate of 0.72%

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

Does Virginia or Mississippi have lower sales taxes?

Virginia has a state sales tax rate of 5.30% and an average local rate of 0.45% for a combined total rate of 5.75%.

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 Virginia or Mississippi?

Based on median household income after income, property and sales taxes Virginia gives you a maximum amount of disposable income of $63,001

In comparison, Mississippi gives you $39,110.

More Comparisons:

Virginia vs Kansas
Virginia vs New Mexico
Virginia vs Nebraska
Virginia vs Idaho
Virginia 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/