US Home Sales Tax

Mississippi seller net proceeds calculator

Mississippi has no transfer tax. Sellers and buyers pay only the chancery clerk's recording fees.

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Other closing costs cover title, escrow or attorney fees and recording. One percent is a common planning figure.

Estimated net proceedsMississippi ยท Rates verified November 2026
Pay to the order ofYou, the seller$374,000

Three hundred seventy-four thousand and 00/100 dollars

$400,000 sale, less $26,000 in costs and payoff

Itemised estimate
Sale price$400,000
Agent commission-$22,000
Transfer taxMississippi has no transfer tax.$0
Other closing costs-$4,000
Mortgage payoff$0
You keep$374,000

How transfer tax works in Mississippi

Rate
None
Who usually pays
Nobody. Mississippi does not tax the transfer of a home.
Local taxes
None.
Official source
Mississippi Department of Revenue
Last verified

What a Mississippi seller keeps at common sale prices

Sale priceSeller keeps before mortgage payoff
$150,000$140,250
$250,000$233,750
$400,000$374,000
$600,000$561,000
$1,000,000$935,000

Assumes a 5.5% agent commission and 1% in other closing costs. Change any figure in the calculator above.

Questions Mississippi sellers ask

Does Mississippi have a real estate transfer tax?

No. Mississippi has no transfer tax. Sellers and buyers pay only the chancery clerk's recording fees.

Who pays the transfer tax in Mississippi, the buyer or the seller?

Nobody. Mississippi does not tax the transfer of a home.

Are there city or county transfer taxes in Mississippi?

No. Mississippi cities and counties do not add one.

How do I estimate my net proceeds in Mississippi?

Start with the sale price, then subtract the agent commission, title and closing fees, and the balance left on your mortgage. On a $400,000 sale with a 5.5% commission and 1% in other costs, a Mississippi seller keeps about $374,000 before paying off the mortgage.

Buying in Mississippi instead? See taxes when buying a house in Mississippi.

More on the basics: What closing costs does a seller pay?, Who pays the transfer tax, the buyer or the seller?, How to calculate net proceeds from a home sale.

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