Taxes in Southaven, Mississippi
Complete tax guide for Southaven, MS. State income tax up to 5%, 0.81% property tax, 8.62% sales tax. Calculate your total tax burden.
State Income Tax
5%
Mississippi
Property Tax
0.81%
Effective rate
Sales Tax
8.62%
Combined rate
Tax Burden
Moderate
Southaven, MS Tax Overview
Population
55,026
Median Income
$55,000
Cost of Living
88.5 (100 = avg)
State Income Tax
5%
Median Home Price
$195,000
Southaven Tax Calculator
Pre-filled with Southaven median: $55,000
Total Tax Burden in Southaven
$11,519
Take-Home: $43,481 · Effective Rate: 20.94%
Federal Tax
$4,562
8.29% eff.
MS State
$2,750
5.00% eff.
FICA
$4,208
7.65% eff.
Take-Home
$43,481
79.06% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $55,000.00 | $4,583.33 |
| Federal Income Tax | -$4,561.50 | -$380.13 |
| Mississippi State Tax | -$2,750.00 | -$229.17 |
| Social Security (6.2%) | -$3,410.00 | -$284.17 |
| Medicare (1.45%) | -$797.50 | -$66.46 |
| Take-Home Pay | $43,481.00 | $3,623.42 |
Property Tax in Southaven
Median Home
$195,000
Annual Tax
$1,580
Monthly Tax
$132
Effective Rate
0.81%
Sales Tax in Southaven
Combined Rate
8.62%
State Portion
~6.1%
Local Portion
~2.5%
The combined sales tax rate in Southaven is 8.62%, which is above the national average of 7.12%. On a $100 purchase, you would pay $8.62 in sales tax.
Tax Burden Comparison
| Tax Type | Southaven | Mississippi Avg | National Avg |
|---|---|---|---|
| Income Tax | 5% | 5% | 4.6% |
| Property Tax | 0.81% | ~0.81% | 1.1% |
| Sales Tax | 8.62% | ~8.62% | 7.12% |
| Overall Burden | Moderate | — | Moderate |
Tax Saving Tips for Southaven Residents
- Mississippi's income tax rate of 5% is competitive. You may still benefit from maximizing 401(k) contributions ($23,500 limit) to reduce your taxable income at both state and federal levels.
- Property tax in Southaven (0.81%) is below the national average of 1.1%. This makes homeownership more affordable here relative to property tax burden.
- The combined sales tax rate of 8.62% is relatively high. Consider making large purchases in lower-tax jurisdictions or online retailers that do not charge local tax rates.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
Other Cities in Mississippi
Calculate Your Full Mississippi Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Southaven, MS?
Southaven, Mississippi has a state income tax rate up to 5%. The property tax rate is 0.81% and the combined sales tax rate is 8.62%.
How much is property tax in Southaven?
The effective property tax rate in Southaven is 0.81%. On the median home price of $195,000, this equals approximately $1,580 per year or $132 per month. This is below the national average of 1.1%.
What is the sales tax rate in Southaven?
The combined sales tax rate in Southaven is 8.62%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Southaven's tax burden compare to other cities?
Southaven has a moderate overall tax burden. The effective total tax rate for a median-income household is approximately 25.7%. The combination of 5% state income tax, 0.81% property tax, and 8.62% sales tax determines the total burden. Cost of living index is 88.5 (100 = national average).
Are there any local taxes in Southaven?
Southaven does not impose a separate local or city income tax. Residents pay the state income tax of 5%, federal income tax, and FICA (Social Security and Medicare).