Mississippi Sales Tax Calculator
Calculate sales tax in Mississippi. The MS state sales tax rate is 7%. Add local rates for your total sales tax. Free calculator with instant results.
Mississippi at a Glance
$175,000
Median Home Price
0.65%
Property Tax Rate
$2,200
Avg Home Insurance
$472,030
FHA Loan Limit
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Reviewed & Methodology
Every calculator is built using industry-standard formulas, validated against authoritative sources, and reviewed by a credentialed financial professional. State-specific data is sourced from official government publications.
Sales Tax Calculator in Mississippi
The median home price in Mississippi is $175,000, which is 58% below the national average of $420,000. Mississippi's effective property tax rate of 0.65% is 0.45 percentage points lower than the national average of 1.1%.
| Metric | Mississippi (MS) | National Avg | vs National Average |
|---|---|---|---|
| Median Home Price | $175,000 | $420,000 | -58% |
| Property Tax Rate | 0.65% | 1.1% | -0.45% |
| Home Insurance (Annual) | $2,200 | $2,300 | -4% |
| State Sales Tax | 7% | 5% | +2.0% |
| FHA Loan Limit | $472,030 | $472,030 | Standard |
| Conforming Loan Limit | $766,550 | $766,550 | Standard |
Mississippi offers a homestead exemption of $75,300, which reduces the taxable value of your primary residence. The state uses an assessment ratio of 10% to determine the assessed value for property tax purposes.