State sales tax rate7%
* While the base rate applies statewide, it’s only a starting point for calculating sales tax in Mississippi. For an accurate tax rate for each jurisdiction, add other applicable local rates on top of the base rate.
Mississippi sales tax basics
The Mississippi (MS) state sales tax rate is currently 7%. Depending on local municipalities, the total tax rate can be as high as 8%.
Mississippi was listed in Kiplinger’s 2011 10 tax-friendly states for retirees. Prescription drugs and health care services are exempt from sales taxes and social security and qualified retirement income is exempt from income taxes. Properties are taxed on 10% of the assessed value with a senior exemption for the first $75,000 of value.
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