Syracuse, Cooper County, Missouri Property Taxes
The median property tax rate in Syracuse, Missouri is 1.18%, slightly higher than the national median of 0.99% but just below Missouri's state median of 1.20%. With a median home value of $66,900 in Syracuse, the typical annual property tax bill amounts to $766, which is lower than the national median of $2,690. Property taxes in Syracuse are calculated based on the assessed value, which is often less than the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Syracuse's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Syracuse or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Syracuse, Cooper County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$789
$733
Ownwell’s Syracuse Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Syracuse with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Syracuse to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Syracuse, Cooper County, Missouri
Property taxes in Syracuse, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Syracuse is 1.18%, which is higher than the U.S. national median of 0.99%. Local government entities within Syracuse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Syracuse estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Syracuse's effective property tax rate to other areas in Cooper County and the national median. For comparison, the 65354 zip code has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Syracuse provides valuable insights into the varying tax landscape across Cooper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Syracuse Tax Rate
1.18%
Average Cooper County Tax Rate
1.38%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Syracuse, Cooper County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65354 | 0.87% | 1.04% | 1.18% | 1.25% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Syracuse, Cooper County, Missouri
In Syracuse, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Cooper County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Syracuse, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Syracuse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $766, specifically in the 65354 zip code.
Property Tax Assessment Values Across Syracuse, Cooper County, Missouri
Source: Ownwell
$53,750
$72,275
$90,800
Average Syracuse Assessed Value
$66,900
Average Cooper County Assessed Value
$83,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Syracuse, Cooper County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65354 | $32,110 | $46,450 | $66,900 | $131,425 | $231,610 |
Source: Ownwell
Property Tax Bills Across Syracuse, Cooper County, Missouri
In Syracuse, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Syracuse is $66,900, and the property tax rate in Cooper County significantly influences the final tax bill. Factors such as local tax rates, property assessments, and any applicable exemptions are considered when determining the tax bill. For homeowners in Syracuse, the tax bill can vary widely. The 25th percentile tax bill is $607, while the 75th percentile reaches $1,494. At the 90th percentile, homeowners may see a tax bill as high as $2,886. These property taxes fund essential community services like schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, the rates in Syracuse and Cooper County may present a different financial landscape for homeowners, making it crucial for them to understand how their property taxes are calculated and how they can potentially reduce their tax burden through appeals or exemptions.
Average Syracuse Tax Bill
$766
Average Cooper County Tax Bill
$1,092
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Syracuse, Cooper County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65354 | $278 | $607 | $766 | $1,494 | $2,886 |
Source: Ownwell