Tax Comparison: Buena vista, CO vs Port gibson, MS
Understanding Your Tax Burden
This page compares the three main types of taxes between Buena vista, CO and Port gibson, 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
Buena vista, CO
$1,165
Based on a $419,200 home
Rate: 0.2780%
Port gibson, MS
$2,438
Based on a $419,200 home
Rate: 0.5817%
| Data | Buena vista, CO | Port gibson, MS |
|---|---|---|
| Effective Property Tax Rate | 0.2780% | 0.5817% |
| Estimated Property Tax | $1,165 | $2,438 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Buena vista, CO are $1,273 lower than in Port gibson, 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
CO
4.4%
Single: $4,400
Married: $7,920
MS
4.7%
Single: $3,960
Married: $7,128
| Data | CO | MS |
|---|---|---|
| Tax Rate | 4.4% | 4.7% |
| Single Filer ($100k) | $4,400 | $3,960 |
| Married Couple ($200k) | $7,920 | $7,128 |
| Median Income ($80.6k) | $3,547 | $3,547 |
Comparison: Income taxes are roughly the same in both states 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
Buena vista, CO
11.200%
Combined rate
Annual sales tax: $1736
(Based on $15,500 spending)
Port gibson, MS
8.000%
Combined rate
Annual sales tax: $1240
(Based on $15,500 spending)
| Data | Buena vista, CO | Port gibson, MS |
|---|---|---|
| State Sales Tax | 2.90% | 7.00% |
| Combined Sales Tax | 11.200% | 8.000% |
| Annual Tax Amount | $1,736 | $1,240 |
Comparison: Shopping in Port gibson, MS costs $496 less in annual sales tax than in Buena vista, CO for the average household.
Tax Comparison Insights
Tax Insights: Buena vista vs Port gibson
- Property Tax: Buena vista has a 0.3037 percentage points lower effective property tax rate than Port gibson.
- Income Tax: Both states have similar income tax burdens for median income households.
- Sales Tax: The combined sales tax rate in Port gibson is 3.20 percentage points lower than in Buena vista.
Overall Tax Burden Comparison
Buena vista, CO
$6,448
Combined annual tax burden
Property
$1,165
Income
$3,547
Sales
$1,736
Port gibson, MS
$7,225
Combined annual tax burden
Property
$2,438
Income
$3,547
Sales
$1,240
Overall Comparison: Buena vista, CO has an estimated $777 lower total tax burden than Port gibson, 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.