Barrington Hills, Lake County, Illinois Property Taxes

Name: Property Tax Bills Across Barrington Hills, Lake County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Barrington Hills, IL effective property tax rate: 2.50%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Barrington Hills, IL home value: $515,284
Median annual Barrington Hills, IL tax bill: $12,937, $10,537 higher than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

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

Last Updated March 1, 2025

Barrington Hills, Lake County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.5%

Estimate Property Tax Bill

$12,882

$11,954

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

Property Tax Rates Across Barrington Hills, Lake County, Illinois

Local government entities in Illinois, like those in other states, set tax rates that can vary significantly within the state. Each county, including Lake County, estimates its required budget annually 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 votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.

In Barrington Hills, located in Lake County, the effective property tax rate is notably higher than the national median of 1.02%. This rate is also higher than the state's median property tax rate. Such a high rate can be attributed to the specific budgetary needs and property values within the area. For homeowners in Barrington Hills, this means a more substantial property tax bill compared to the national median of $2400. Understanding these rates is crucial for property owners looking to manage their expenses effectively and consider potential property tax appeals or exemptions.

Property Tax Rates Across Barrington Hills, Lake County, Illinois

Source: Ownwell

1.94%

2.99%

4.03%

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 Hills Tax Rate

2.50%

Median Effective Lake County Tax Rate

2.94%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Barrington Hills, Lake County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60010	2.36%	2.43%	2.50%	2.53%	2.55%

Source: Ownwell

Property Tax Assessment Values Across Barrington Hills, Lake County, Illinois

When examining property taxes in Barrington Hills, 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 Lake County appraisal district 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 Lake 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 Hills.

For example, the median home price in Barrington Hills is $515,284, with tax bills ranging significantly across the county. Zip code 60010 has the highest median home price at $515,284.

Property Tax Assessment Values Across Barrington Hills, Lake County, Illinois

Source: Ownwell

$107,374

$523,101

$938,827

Median Barrington Hills Market Value

$515,284

Median Lake County Market Value

$260,862

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Barrington Hills, Lake County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60010	$382,347	$470,388	$515,284	$569,018	$649,448

Source: Ownwell

Property Tax Bills Across Barrington Hills, Lake County, Illinois

In Barrington Hills, Lake County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Barrington Hills face a median property tax bill of $12,937, significantly higher than the national median of $2,400. This is due in part to the area's high median home price of $515,284. The tax bill can range from $12,294 at the 25th percentile to $16,704 at the 90th percentile, reflecting variations in home values and tax rates within the region. High property taxes can place a substantial financial burden on homeowners. Ownwell can assist by reviewing property assessments to identify opportunities for appeals or exemptions, potentially reducing tax liabilities. By leveraging expert knowledge and local data, Ownwell helps homeowners navigate the complexities of property tax regulations, ensuring they pay no more than necessary.

Property Tax Bills Across Barrington Hills, Lake County, Illinois

Source: Ownwell

$3,893

$12,727

$21,560

Median Barrington Hills Tax Bill

$12,937

Median Lake County Tax Bill

$7,861

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Barrington Hills, Lake County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60010	$10,047	$12,294	$12,937	$14,608	$16,704

Source: Ownwell