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Syracuse, Morgan County, Missouri Property Taxes

  • Median Syracuse, MO effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.

  • Median Syracuse, MO home value: $65,350

  • Median annual Syracuse, MO tax bill: $619, $1,781 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan County calculated?

Property taxes in Syracuse, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Syracuse’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Syracuse, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Syracuse, Morgan County, Missouri Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$601

$558

Ownwell’s Syracuse Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Syracuse with just two data points. By entering your property's estimated assessed value, our calculator applies Syracuse’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Morgan County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Syracuse, Morgan County, Missouri

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services, dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Syracuse, located in Morgan County, Missouri, the effective property tax rate is a key figure for property owners to consider. Compared to the national median property tax rate of 1.02%, Missouri's median rate of 0.94% is relatively favorable. This means property owners in Syracuse can expect to pay less in property taxes than the national average, providing some financial relief. However, it's important to note that while the state median is lower, individual city rates can differ. Comparing Syracuse's rate to other cities in Missouri can offer valuable insights into local tax burdens and potential savings. Understanding these differences can help property owners make informed decisions about tax appeals and exemptions.

Property Tax Rates Across Syracuse, Morgan County, Missouri

Source: Ownwell

0.71%

1.36%

2.01%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Syracuse Tax Rate

0.93%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Morgan County Tax Rate

0.89%

Median Effective Missouri Tax Rate

1.25%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Syracuse, Morgan County, Missouri

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
653540.80%0.89%0.93%1.09%1.10%

Source: Ownwell

Property Tax Assessment Values Across Syracuse, Morgan County, Missouri

When examining property taxes in Syracuse, Missouri, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Morgan County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Morgan County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Syracuse.

For example, the median home price in Syracuse is $65,350, with tax bills ranging significantly across the county. Zip code 65354 has the highest median home price at $65,350.

Property Tax Assessment Values Across Syracuse, Morgan County, Missouri

Source: Ownwell

$1,750

$74,800

$147,850

Median Syracuse Market Value

$64,600

Median Morgan County Market Value

$49,400

Median Missouri Market Value

$136,526

Median United States Market Value

$235,294

Property Tax Assessment Values Across Syracuse, Morgan County, Missouri

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
65354$15,100$35,550$64,600$108,000$153,700

Source: Ownwell

Property Tax Bills Across Syracuse, Morgan County, Missouri

In Syracuse, Missouri, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. Factors like property improvements or changes in market conditions can influence the assessed value, affecting the tax bill. For homeowners in Syracuse, the median property tax bill is $619, significantly lower than the national median of $2,400. However, even with a lower tax rate, homeowners can still face unexpected increases in their bills due to reassessments or changes in local tax rates. Ownwell offers expertise in navigating these complexities, helping homeowners appeal their property tax assessments and identify potential exemptions. By leveraging local knowledge and tax law expertise, Ownwell can help ensure that homeowners pay only their fair share, potentially saving them hundreds of dollars annually on their property tax bills.

Property Tax Bills Across Syracuse, Morgan County, Missouri

Source: Ownwell

$15

$673

$1,330

Median Syracuse Tax Bill

$619

Median Morgan County Tax Bill

$428

Median Missouri Tax Bill

$1,684

Median United States Tax Bill

$2,400

Property Tax Bills Across Syracuse, Morgan County, Missouri

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
65354$141$339$619$1,018$1,352

Source: Ownwell

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