Tax Comparison: Hayward, CA vs Holly springs, MS
Understanding Your Tax Burden
This page compares the three main types of taxes between Hayward, CA and Holly springs, 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
Hayward, CA
$3,196
Based on a $419,200 home
Rate: 0.7623%
Holly springs, MS
$3,131
Based on a $419,200 home
Rate: 0.7468%
| Data | Hayward, CA | Holly springs, MS |
|---|---|---|
| Effective Property Tax Rate | 0.7623% | 0.7468% |
| Estimated Property Tax | $3,196 | $3,131 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Holly springs, MS are $65 lower than in Hayward, CA 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
CA
1%-13.3%
Single: $865
Married: $1,557
MS
4.7%
Single: $3,960
Married: $7,128
| Data | CA | MS |
|---|---|---|
| Tax Rate | 1%-13.3% | 4.7% |
| Single Filer ($100k) | $865 | $3,960 |
| Married Couple ($200k) | $1,557 | $7,128 |
| Median Income ($80.6k) | $4,837 | $3,547 |
Comparison: Income taxes in MS are $1,290 lower than in CA 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
Hayward, CA
12.000%
Combined rate
Annual sales tax: $1860
(Based on $15,500 spending)
Holly springs, MS
8.000%
Combined rate
Annual sales tax: $1240
(Based on $15,500 spending)
| Data | Hayward, CA | Holly springs, MS |
|---|---|---|
| State Sales Tax | 7.25% | 7.00% |
| Combined Sales Tax | 12.000% | 8.000% |
| Annual Tax Amount | $1,860 | $1,240 |
Comparison: Shopping in Holly springs, MS costs $620 less in annual sales tax than in Hayward, CA for the average household.
Tax Comparison Insights
Tax Insights: Hayward vs Holly springs
- Property Tax: Holly springs has a 0.0155 percentage points lower effective property tax rate than Hayward.
- Income Tax: Living in MS could save you approximately $1,290 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Holly springs is 4.00 percentage points lower than in Hayward.
Overall Tax Burden Comparison
Hayward, CA
$9,892
Combined annual tax burden
Property
$3,196
Income
$4,837
Sales
$1,860
Holly springs, MS
$7,917
Combined annual tax burden
Property
$3,131
Income
$3,547
Sales
$1,240
Overall Comparison: Holly springs, MS has an estimated $1,975 lower total tax burden than Hayward, CA 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.