Tax Comparison: Cave city, AR vs Columbus, MS
Understanding Your Tax Burden
This page compares the three main types of taxes between Cave city, AR and Columbus, MS: property tax, income tax, and sales tax. Each of these has a different impact on your overall cost of living.
Property Tax Comparison
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services. They're typically based on the assessed value of your property.
Our property tax estimates are based on:
- U.S. median home value: $419,200 (2023 data)
- Local effective tax rates for both cities
Cave city, AR
$2,285
Based on a $419,200 home
Rate: 0.5452%
Columbus, MS
$2,685
Based on a $419,200 home
Rate: 0.6404%
| Data | Cave city, AR | Columbus, MS |
|---|---|---|
| Effective Property Tax Rate | 0.5452% | 0.6404% |
| Estimated Property Tax | $2,285 | $2,685 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Cave city, AR are $399 lower than in Columbus, MS for the same home value.
State Income Tax Comparison
Income tax rates and brackets vary by state, impacting residents' overall tax burden. The estimates below are based on standard deductions and typical filing scenarios.
Our income tax estimates consider:
- Single filer: $100,000 annual income
- Married couple: $200,000 combined income
- Median income: $80,600 annual income
AR
2%-4.4%
Single: $3,625
Married: $6,525
MS
4.7%
Single: $3,960
Married: $7,128
| Data | AR | MS |
|---|---|---|
| Tax Rate | 2%-4.4% | 4.7% |
| Single Filer ($100k) | $3,625 | $3,960 |
| Married Couple ($200k) | $6,525 | $7,128 |
| Median Income ($80.6k) | $3,145 | $3,547 |
Comparison: Income taxes in AR are $402 lower than in MS for the median household income.
Sales Tax Comparison
Sales tax rates vary by location and can have a significant impact on your day-to-day expenses. These include state, county, city, and special district taxes that together form the total sales tax rate.
Our sales tax estimates consider:
- Average household taxable spending: $15,500 per year
- Combined state and local rates for both cities
Cave city, AR
12.625%
Combined rate
Annual sales tax: $1956
(Based on $15,500 spending)
Columbus, MS
8.000%
Combined rate
Annual sales tax: $1240
(Based on $15,500 spending)
| Data | Cave city, AR | Columbus, MS |
|---|---|---|
| State Sales Tax | 6.50% | 7.00% |
| Combined Sales Tax | 12.625% | 8.000% |
| Annual Tax Amount | $1,956 | $1,240 |
Comparison: Shopping in Columbus, MS costs $716 less in annual sales tax than in Cave city, AR for the average household.
Tax Comparison Insights
Tax Insights: Cave city vs Columbus
- Property Tax: Cave city has a 0.0952 percentage points lower effective property tax rate than Columbus.
- Income Tax: Living in AR could save you approximately $402 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Columbus is 4.63 percentage points lower than in Cave city.
Overall Tax Burden Comparison
Cave city, AR
$7,386
Combined annual tax burden
Property
$2,285
Income
$3,145
Sales
$1,956
Columbus, MS
$7,471
Combined annual tax burden
Property
$2,685
Income
$3,547
Sales
$1,240
Overall Comparison: Cave city, AR has an estimated $85 lower total tax burden than Columbus, MS based on our standard scenarios.
Important Tax Disclaimer
The tax information provided above is based on publicly available data and standard assumptions. Actual tax situations will vary based on:
- Individual financial circumstances
- Applicable deductions and credits
- Recent changes in tax laws
- Personal spending habits
- Local variations within cities and counties
This comparison is intended for general informational purposes only and should not be considered tax advice. For specific guidance regarding your tax situation, please consult with a qualified tax professional.