Mchenry County, Illinois Property Taxes

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

Median McHenry County effective property tax rate: 2.75%, significantly higher than the national median of 1.02%.
Median McHenry County home value: $241,654
Median annual McHenry County tax bill: $6,534, $4,134 higher than the national median property tax bill of $2,400.

How are property taxes in McHenry County calculated?

Property taxes in McHenry County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Woodstock or another part of McHenry County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mchenry County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.75%

Estimate Property Tax Bill

$6,645

$6,167

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

Property Tax Rates Across Mchenry County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget annually 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. McHenry County's effective property tax rate is significantly higher than the national median property tax rate of 1.02%. Within Illinois, tax rates can vary, with Fox River Grove having the highest median tax rate of 3.15%, while Hebron has the lowest at 2.29%. These variations highlight the importance of understanding your specific county's tax rate and how it compares to the state and national averages. Understanding these rates can be crucial for property owners looking to manage their financial obligations effectively.

Property Tax Rates Across Mchenry County, Illinois

Source: Ownwell

2.29%

2.72%

3.15%

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 Mchenry County Taxx Rate

2.75%

Median Effective Illinois Taxx Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Mchenry County, Illinois

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Algonquin	2.41%	2.54%	2.64%	2.70%	2.82%
Barrington	2.35%	2.55%	2.62%	2.68%	2.74%
Barrington Hills	N/A	N/A	N/A	N/A	N/A
Bull Valley	2.80%	2.91%	2.99%	3.06%	3.16%
Capron	N/A	N/A	N/A	N/A	N/A
Cary	2.47%	2.72%	2.87%	2.97%	3.12%
Crystal Lake	2.52%	2.70%	2.87%	2.97%	3.14%
Fox Lake	2.48%	2.57%	2.75%	2.79%	2.80%
Fox River Grove	2.23%	2.83%	3.15%	3.28%	3.44%
Garden Prairie	2.17%	2.26%	2.44%	2.58%	2.67%
Genoa	N/A	N/A	N/A	N/A	N/A
Hampshire	N/A	N/A	N/A	N/A	N/A
Harvard	2.11%	2.38%	2.66%	2.92%	3.28%
Hebron	1.90%	2.15%	2.29%	2.37%	2.59%
Holiday Hills	2.31%	2.58%	2.71%	2.79%	3.05%
Huntley	2.24%	2.38%	2.51%	2.57%	3.18%
Island Lake	2.70%	2.90%	3.00%	3.06%	3.32%
Johnsburg	2.24%	2.39%	2.49%	2.56%	2.65%
Lake Barrington	N/A	N/A	N/A	N/A	N/A
Lake In The Hills	2.49%	2.60%	2.65%	2.91%	3.04%
Lakemoor	2.57%	2.78%	3.11%	3.25%	3.59%
Lakewood	N/A	N/A	N/A	N/A	N/A
Marengo	2.22%	2.37%	2.54%	2.73%	2.99%
Mccullom Lake	2.10%	2.56%	2.76%	3.09%	3.09%
Mchenry	2.23%	2.55%	2.83%	2.96%	3.16%
Oakwood Hills	2.67%	2.85%	2.95%	3.00%	3.20%
Port Barrington	2.79%	2.92%	3.01%	3.07%	3.20%
Prairie Grove	N/A	N/A	N/A	N/A	N/A
Richmond	2.31%	2.50%	2.66%	2.84%	3.07%
Ringwood	2.27%	2.38%	2.48%	2.53%	2.61%
South Barrington	N/A	N/A	N/A	N/A	N/A
Spring Grove	2.36%	2.54%	2.68%	2.73%	2.84%
Trout Valley	2.66%	2.74%	2.83%	2.87%	2.97%
Union	2.03%	2.21%	2.32%	2.41%	2.56%
Village Of Lakewood	2.61%	2.73%	2.82%	2.86%	2.92%
Wonder Lake	2.22%	2.50%	2.72%	2.90%	3.25%
Woodstock	2.53%	2.77%	3.04%	3.20%	3.44%

Source: Ownwell

Property Tax Assessment Values Across Mchenry County, Illinois

When examining property taxes in McHenry County, 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 McHenry 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.

Assessment notices: In McHenry 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 McHenry County. For example, the median tax bill in McHenry County is $7,219, with tax bills ranging significantly across the county. Barrington has the highest median home price at $622,508.

Property Tax Assessment Values Across Mchenry County, Illinois

Source: Ownwell

$134,019

$378,264

$622,508

Median Mchenry County Assessed Value

$241,654

Median Illinois Assessed Value

$194,700

Median United States Assessed Value

$244,900

Property Tax Assessment Values Across Mchenry County, Illinois

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Algonquin	$173,304	$222,375	$279,441	$358,557	$425,802
Barrington	$302,217	$442,515	$622,508	$847,964	$1,160,488
Barrington Hills	N/A	N/A	N/A	N/A	N/A
Bull Valley	$297,997	$359,118	$419,277	$514,050	$690,493
Capron	N/A	N/A	N/A	N/A	N/A
Cary	$155,719	$191,352	$264,828	$336,942	$415,817
Crystal Lake	$152,450	$196,190	$254,938	$328,586	$406,902
Fox Lake	$171,111	$181,366	$193,018	$206,649	$206,673
Fox River Grove	$125,051	$183,072	$249,234	$312,750	$395,513
Garden Prairie	$135,066	$167,415	$215,616	$259,110	$299,256
Genoa	N/A	N/A	N/A	N/A	N/A
Hampshire	N/A	N/A	N/A	N/A	N/A
Harvard	$100,212	$126,324	$161,430	$219,341	$316,461
Hebron	$94,385	$149,917	$182,954	$238,778	$321,640
Holiday Hills	$109,164	$140,470	$164,385	$189,011	$220,457
Huntley	$189,606	$238,125	$289,905	$354,789	$397,828
Island Lake	$131,754	$146,196	$185,424	$219,878	$308,366
Johnsburg	$156,816	$206,158	$287,943	$359,792	$483,557
Lake Barrington	N/A	N/A	N/A	N/A	N/A
Lake In The Hills	$150,192	$189,111	$253,479	$292,837	$331,329
Lakemoor	$106,458	$129,624	$148,908	$193,893	$247,601
Lakewood	N/A	N/A	N/A	N/A	N/A
Marengo	$128,293	$164,360	$225,654	$301,035	$385,389
Mccullom Lake	$85,988	$106,712	$134,019	$171,860	$209,309
Mchenry	$122,571	$162,183	$202,110	$267,690	$355,455
Oakwood Hills	$152,064	$202,070	$234,414	$274,546	$467,265
Port Barrington	$151,516	$197,709	$278,259	$318,087	$341,896
Prairie Grove	N/A	N/A	N/A	N/A	N/A
Richmond	$78,345	$147,906	$227,919	$299,686	$359,403
Ringwood	$191,401	$257,139	$333,567	$386,682	$462,651
South Barrington	N/A	N/A	N/A	N/A	N/A
Spring Grove	$162,438	$243,609	$318,396	$367,558	$418,074
Trout Valley	$316,728	$350,382	$406,308	$455,302	$562,011
Union	$140,649	$169,533	$250,701	$327,795	$407,457
Village Of Lakewood	$230,319	$303,442	$419,784	$501,648	$588,640
Wonder Lake	$90,671	$121,566	$162,102	$229,347	$304,193
Woodstock	$116,321	$157,779	$218,766	$286,230	$366,023

Source: Ownwell

Property Tax Bills Across Mchenry County, Illinois

In McHenry County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the home's location and any applicable exemptions. Homeowners in McHenry County experience a wide range of tax bills. The median home price in the area is $241,654, and tax bills vary significantly depending on the neighborhood. For instance, those in Barrington face the highest median tax bill at $16,448, while homeowners in McCullom Lake pay a much lower median tax bill of $3,508. The national median property tax rate is 1.02%, with an average bill of $2,400, highlighting the higher tax burden faced by McHenry residents. As property taxes are a significant part of homeownership costs, understanding these factors is crucial for homeowners to manage their finances effectively.

Property Tax Bills Across Mchenry County, Illinois

Source: Ownwell

$3,508

$9,978

$16,448

Median Mchenry County Tax Bill

$6,534

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Mchenry County, Illinois

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Algonquin	$4,315	$5,551	$7,296	$9,396	$11,351
Barrington	$7,990	$11,287	$16,448	$22,366	$31,034
Barrington Hills	N/A	N/A	N/A	N/A	N/A
Bull Valley	$7,321	$10,379	$12,333	$15,498	$21,474
Capron	N/A	N/A	N/A	N/A	N/A
Cary	$3,965	$5,377	$7,442	$9,960	$12,890
Crystal Lake	$3,783	$5,408	$7,219	$9,461	$11,836
Fox Lake	$4,364	$4,682	$5,141	$5,769	$5,778
Fox River Grove	$3,258	$5,082	$7,449	$9,838	$12,043
Garden Prairie	$3,483	$3,780	$4,596	$5,803	$7,425
Genoa	N/A	N/A	N/A	N/A	N/A
Hampshire	N/A	N/A	N/A	N/A	N/A
Harvard	$2,310	$3,351	$4,388	$5,706	$7,579
Hebron	$1,938	$2,999	$4,132	$5,344	$7,144
Holiday Hills	$2,026	$3,602	$4,396	$5,161	$6,120
Huntley	$4,440	$5,576	$7,783	$9,309	$10,103
Island Lake	$3,707	$4,304	$5,479	$6,617	$9,295
Johnsburg	$3,576	$4,894	$7,041	$9,077	$12,276
Lake Barrington	N/A	N/A	N/A	N/A	N/A
Lake In The Hills	$4,006	$5,110	$6,773	$7,880	$9,309
Lakemoor	$2,704	$4,150	$4,765	$5,478	$7,753
Lakewood	N/A	N/A	N/A	N/A	N/A
Marengo	$3,091	$4,209	$5,723	$7,573	$9,491
Mccullom Lake	$1,886	$2,779	$3,508	$4,708	$5,757
Mchenry	$2,809	$4,105	$5,541	$7,510	$10,100
Oakwood Hills	$4,034	$5,675	$6,838	$8,063	$14,146
Port Barrington	$4,274	$5,788	$8,305	$9,594	$10,501
Prairie Grove	N/A	N/A	N/A	N/A	N/A
Richmond	$2,408	$3,569	$5,791	$7,963	$9,640
Ringwood	$4,171	$5,786	$8,129	$9,510	$11,073
South Barrington	N/A	N/A	N/A	N/A	N/A
Spring Grove	$3,681	$5,993	$8,400	$9,917	$11,520
Trout Valley	$8,225	$9,744	$11,440	$12,857	$15,709
Union	$2,798	$3,818	$5,741	$7,822	$9,794
Village Of Lakewood	$6,098	$8,101	$11,824	$14,205	$16,891
Wonder Lake	$2,191	$3,112	$4,323	$6,383	$8,757
Woodstock	$3,149	$4,577	$6,474	$8,592	$10,707