Tax Rates

TAX RATES IN DIAMONDHEAD, MS

School Millage Rate:    45.53 mills

County Millage Rate:   49.01 mills

Fire Millage Rate:            4 mills

City Millage Rate:         29.5 mills

Diamondhead Fire District:  $275 for residential property (see fire district rates for commercial)

State Sales and Use Tax Rate:  7%

State Income Tax Rates:

• Mississippi has 3 state income tax rates: 3%, 4% and 5%. These rates are the same for all filing statuses, as well as for businesses. 
  
  • For single taxpayers: 
    • 3% on the first $5,000 of taxable income.
    • 4% on taxable income between $5,001 and $10,000.
    • 5% on taxable income of $10,001 and above.
    • Married couples filing a combined return (i.e., both spouses work) can opt to have each spouse calculate tax liability separately and add the results.
• Mississippi is very tax-friendly toward retirees. Social Security income is not taxed.  Wages are taxed at normal rates, and your marginal state tax rate is 5.90%.  Public and private pension income are not taxed.