Tax Comparison: Water valley, MS vs Dayton, OH
Understanding Your Tax Burden
This page compares the three main types of taxes between Water valley, MS and Dayton, OH: 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
Water valley, MS
$3,450
Based on a $419,200 home
Rate: 0.8230%
Dayton, OH
$7,082
Based on a $419,200 home
Rate: 1.6895%
| Data | Water valley, MS | Dayton, OH |
|---|---|---|
| Effective Property Tax Rate | 0.8230% | 1.6895% |
| Estimated Property Tax | $3,450 | $7,082 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Water valley, MS are $3,632 lower than in Dayton, OH 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
MS
4.7%
Single: $3,960
Married: $7,128
OH
2.75%-3.5%
Single: $2,640
Married: $4,752
| Data | MS | OH |
|---|---|---|
| Tax Rate | 4.7% | 2.75%-3.5% |
| Single Filer ($100k) | $3,960 | $2,640 |
| Married Couple ($200k) | $7,128 | $4,752 |
| Median Income ($80.6k) | $3,547 | $2,821 |
Comparison: Income taxes in OH are $726 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
Water valley, MS
8.000%
Combined rate
Annual sales tax: $1240
(Based on $15,500 spending)
Dayton, OH
8.000%
Combined rate
Annual sales tax: $1240
(Based on $15,500 spending)
| Data | Water valley, MS | Dayton, OH |
|---|---|---|
| State Sales Tax | 7.00% | 5.75% |
| Combined Sales Tax | 8.000% | 8.000% |
| Annual Tax Amount | $1,240 | $1,240 |
Comparison: Sales tax costs are approximately the same in both locations for average household spending.
Tax Comparison Insights
Tax Insights: Water valley vs Dayton
- Property Tax: Water valley has a 0.8665 percentage points lower effective property tax rate than Dayton.
- Income Tax: Living in OH could save you approximately $726 in state income taxes for a median household income.
- Sales Tax: Both cities have equivalent combined sales tax rates.
Overall Tax Burden Comparison
Water valley, MS
$8,237
Combined annual tax burden
Property
$3,450
Income
$3,547
Sales
$1,240
Dayton, OH
$11,143
Combined annual tax burden
Property
$7,082
Income
$2,821
Sales
$1,240
Overall Comparison: Water valley, MS has an estimated $2,906 lower total tax burden than Dayton, OH 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.