Madison, Mississippi — Tax Burden
What is the tax burden in Madison, Mississippi?
Madison, Mississippi has a total tax burden of 8.98%, ranking #4482 nationally. Property tax rate: 0.78%, state income tax: 4.700%, sales tax: 7.07%. Median household income is $124,575.
Source: US Census ACS, 2022
Ranked #4482 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
8.98%
Rank: 4482nd nationally
Property Tax Rate
0.78%
Rank: 4559th nationally
Income Tax Rate
4.700%
Mississippi state rate
Sales Tax Rate
7.07%
State + local combined
Tax Burden Breakdown
Property (22%)Income (52%)Sales (26%)
Median Income: $124,575
Median Home Value: $312,800
Median Property Tax: $2,431/yr
Population: 27,595