Category: Motor Vehicle Licensing
The sales tax rate is 5%, which is applied to the net purchase price of your vehicle (price after dealer’s discounts and trade-ins). The taxable selling price is not reduced by the manufacturer’s rebates.
The 5% rate applies to cars, vans, buses and other private carriers of passengers and trucks with a gross vehicle weight of 10,000 pounds or less. Carriers of property and trucks with a vehicle weight exceeding 10,000 pounds are taxed at 3%. If you bought your vehicle out-of-state, paid sales taxes on the vehicle to that state, and first tagged the vehicle in Mississippi, the other state’s sales tax will NOT be credited toward the amount of tax due in Mississippi.