Menu

Tax Structure

Export to CSV Return to Dashboard Clear Filter

State Government Tax Collections

Total Taxes

$7,890,571

Property Taxes

$29,540

Sales and Gross Receipts Taxes

$5,030,854

General Sales and Gross Receipts Taxes

$3,557,752

Selective Sales and Gross Receipts Taxes

$1,473,102

Alcoholic Beverages Sales Tax

$40,883

Amusements Sales Tax

$129,880

Insurance Premiums Sales Tax

$338,576

Motor Fuels Sales Tax

$436,245

Public Utilities Sales Tax

$1,496

Tobacco Products Sales Tax

$139,733

Other Selective Sales and Gross Receipts Taxes

$386,289

License Taxes

$492,415

Alcoholic Beverages License

$1,252

Amusements License

$26,515

Corporations in General License

$137,989

Hunting and Fishing License

$2,703

Motor Vehicle License

$158,283

Motor Vehicle Operators License

$14,362

Public Utilities License

$6,583

Occupation and Business License, NEC

$81,682

Other License Taxes

$63,046

Income Taxes

$2,290,344

Individual Income Taxes

$1,852,937

Corporations Net Income Taxes

$437,407

Other Taxes

$47,418

Severance Taxes

$47,418

State Gross Public Debt

Debt Per Capita

$2,633.33

Total Debt of State

7.9 Billion

Total Debt of Local Governments

7.3 Billion

Combined Total Debt

15.1 Billion

Gross Domestic Product(GDP)

117.6 Billion

Real Estate Growth

0.8%

Median Total State and Local Taxes

National Median Total State and Local Tax Rate Per Household

11.99%

National Median Total State and Local Taxes Paid Per Household

$6,962

State Median Total State and Local Taxes Paid Per Household

$5,056

Difference Between National Median and State Median

11.45%

State Bond Ratings

Fitch

AA

Moody's

Aa2

S&P Global

AA

State Income Tax

Income Tax Rate

3.0 - 5.0%

Number of Brackets

3

Top Income Range

$10,000

State Real Estate Tax

Mean Real Estate Tax Rate

0.80%

Mean Real Estate Taxes Paid

$879

State Unemployment Insurance Tax

New Employer Tax Rate

1.00%

Sales Tax

State Sales Tax Rate

7.00%

Winston County

0.00%

Attala County

0.00%

Leake County

0.00%

Neshoba County

0.00%

Kemper County

0.00%

Choctaw County

0.00%

Oktibbeha County

0.00%

Lowndes County

0.00%

Noxubee County

0.00%

Minimum Sales Tax Rate (State and County)

7.00%

Maximum Sales Tax Rate (State and County)

7.00%

Source:
AvaTax
California State Treasurer's Office
Census Bureau
Department of Labor
Department of Revenue
Tax Foundation