Barrington, Kane County, Illinois Property Taxes
Median Barrington, IL effective property tax rate: 2.78%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Barrington, IL home value: $588,796
Median annual Barrington, IL tax bill: $16,228, $13,828 higher than the national median property tax bill of $2,400.
How are property taxes in Kane County 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, Kane County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.78%
Estimate Property Tax Bill
$16,369
$15,190
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 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 Kane County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Barrington, Kane County, Illinois
Local government entities set tax rates, which can vary significantly within a state. Each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Barrington’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Barrington, located in Kane County, has a median property tax rate of 2.78%, which is notably higher than the national median of 1.02%. This rate highlights the significant variation in property tax rates across different regions. Despite being the highest and lowest in its area, Barrington's rate reflects the local government's budgetary needs and property values. Understanding these differences can help property owners make informed decisions and potentially explore property tax appeal and exemption services to manage their expenses effectively.
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 Taxx Rate
2.78%
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 Kane County Taxx Rate
2.60%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Barrington, Kane County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60010 | 2.71% | 2.73% | 2.78% | 2.82% | 2.90% |
Source: Ownwell
Property Tax Assessment Values Across Barrington, Kane 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 Kane 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 Kane County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 $588,796, with tax bills ranging significantly across the county. Zip code 60010 has the highest median home price at $588,796.
Property Tax Assessment Values Across Barrington, Kane County, Illinois
Source: Ownwell
$142,312
$365,554
$588,796
Median Barrington Market Value
$588,796
Median Kane County Market Value
$253,745
Median Illinois Market Value
$194,700
Median United States Market Value
$244,900
Property Tax Assessment Values Across Barrington, Kane County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60010 | $389,813 | $513,504 | $588,796 | $657,707 | $728,151 |
Source: Ownwell
Property Tax Bills Across Barrington, Kane County, Illinois
Property tax bills in Barrington, located in Kane County, IL, are determined by the assessed value of a property and the local tax rate. Homeowners in this area experience a median property tax bill of $16,228, significantly higher than the national median of $2,400. This substantial tax burden is influenced by the area's median home price of $588,796. Tax bills can vary widely, with those in the 25th percentile paying around $14,441, while those in the 90th percentile face bills up to $20,504. These figures underscore the impact of property taxes on homeowners, as higher tax rates can lead to increased financial strain.
Ownwell offers a solution to alleviate this burden by providing expert property tax appeal services. By leveraging in-depth knowledge of local tax regulations and market trends, Ownwell helps homeowners potentially reduce their tax bills. This service not only saves money but also ensures homeowners are not overpaying on their property taxes, offering peace of mind and financial relief.
Median Barrington Tax Bill
$16,228
Median Kane County Tax Bill
$6,484
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Barrington, Kane County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60010 | $10,541 | $14,441 | $16,228 | $18,396 | $20,504 |
Source: Ownwell