New Albany, Mississippi — Tax Burden
What is the tax burden in New Albany, Mississippi?
New Albany, Mississippi has a total tax burden of 8.89%, ranking #4571 nationally. Property tax rate: 0.68%, state income tax: 4.700%, sales tax: 7.07%. Median household income is $50,890.
Source: US Census ACS, 2022
Ranked #4571 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
8.89%
Rank: 4571st nationally
Property Tax Rate
0.68%
Rank: 5241st nationally
Income Tax Rate
4.700%
Mississippi state rate
Sales Tax Rate
7.07%
State + local combined
Tax Burden Breakdown
Property (21%)Income (53%)Sales (26%)
Median Income: $50,890
Median Home Value: $139,200
Median Property Tax: $944/yr
Population: 7,657