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Barrington, Cook County, Illinois Property Taxes

  • Median Barrington, IL effective property tax rate: 1.94%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.

  • Median Barrington, IL home value: $500,010

  • Median annual Barrington, IL tax bill: $9,798, $7,398 higher than the national median property tax bill of $2,400.

How are property taxes in Cook calculated?

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

Last Updated March 1, 2025

Barrington, Cook County, Illinois Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.94%

Estimate Property Tax Bill

$9,700

$9,002

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Barrington Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Barrington with just two data points. By entering your property's estimated assessed value, our calculator applies Barrington’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 more 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 Cook County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Barrington, Cook County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Barrington, located in Cook County, Illinois, property tax rates are a crucial consideration for homeowners. The effective property tax rate in Barrington is notably higher than the national median rate of 1.02%. This places a significant financial responsibility on property owners in the area.

Comparing Barrington's effective property tax rate to other cities in Illinois reveals a consistent pattern across the state. Illinois' median property tax rate is among the highest in the nation, reflecting the state's reliance on property taxes to fund essential services.

For property owners in Barrington, understanding these rates and how they compare to both state and national averages is essential for effective financial planning and property tax management.

Property Tax Rates Across Barrington, Cook County, Illinois

Source: Ownwell

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1.47%

4.93%

8.39%

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 Barrington Tax Rate

1.94%

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 Cook County Tax Rate

2.01%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Barrington, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
600101.49%1.71%1.94%2.18%2.42%

Source: Ownwell

Property Tax Assessment Values Across Barrington, Cook County, Illinois

When examining property taxes in Barrington, IL, 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 Cook County Assessor 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 Cook 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 Barrington. For example, the median home price in Barrington is $500,010, with tax bills ranging significantly across the county. Zip code 60010 has the highest median home price at $500,010.

Property Tax Assessment Values Across Barrington, Cook County, Illinois

Source: Ownwell

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$25,480

$637,740

$1,250,000

Median Barrington Market Value

$500,010

Median Cook County Market Value

$210,000

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Barrington, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
60010$290,000$375,010$500,010$740,000$1,020,000

Source: Ownwell

Property Tax Bills Across Barrington, Cook County, Illinois

In Barrington, property tax bills are determined based on the assessed value of a home and the local tax rate set by Cook County. The assessed value is typically a fraction of the market value of the property. Homeowners in Barrington face a median property tax bill of $9,798, which is substantially higher than the national median of $2,400. Factors such as local government budgets, school funding, and public services contribute to the calculation of the tax rate, impacting the final bill. Homeowners with properties in the 25th percentile pay around $6,803, while those in the 75th percentile may see bills as high as $14,757. This significant tax burden can affect homeowners' finances and property affordability. Ownwell offers valuable services to help homeowners in Barrington reduce their property tax bills. By providing expert guidance in property tax appeals and exemptions, Ownwell assists in ensuring that homeowners pay only their fair share, potentially saving them thousands of dollars annually.

Property Tax Bills Across Barrington, Cook County, Illinois

Source: Ownwell

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$569

$15,332

$30,094

Median Barrington Tax Bill

$9,798

Median Cook County Tax Bill

$4,680

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Barrington, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
60010$4,796$6,803$9,798$14,757$20,674

Source: Ownwell

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