Mansions for Sale in Mississippi

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General
Mississippi is located in the Deep South of the United States. Jackson is the state capital and largest city. The state's name comes from the Mississippi River, which flows along its western boundary, and takes its name from the Ojibwe word misi-ziibi ("Great River"). The state is heavily forested outside of the Mississippi Delta area. Its catfish aquaculture farms produce the majority of farm-raised catfish consumed in the United States. The state symbol is the magnolia tree.

Economy
The Bureau of Economic Analysis estimates that Mississippi's total state product in 2006 was $84 billion. Per capita personal income in 2006 was only $26,908, the lowest per capita personal income of any state, but the state also has the nation's lowest living costs. Although the state has one of the lowest per capita income rates in the United States, Mississippians consistently rank as one of the highest per capita in charitable contributions

Taxes
Mississippi collects personal income tax in three tax brackets, ranging from 3% to 5%. The retail sales tax rate in Mississippi is 7%. Additional local sales taxes also are collected. For purposes of assessment for ad valorem taxes, taxable property is divided into five classes.

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