Crystal Lake, Mchenry County, Illinois Property Taxes

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

Median Crystal Lake, IL effective property tax rate: 2.87%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Crystal Lake, IL home value: $254,938
Median annual Crystal Lake, IL tax bill: $7,219, $4,819 higher than the national median property tax bill of $2,400.

How are property taxes in McHenry calculated?

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

Last Updated March 1, 2025

Crystal Lake, Mchenry County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.87%

Estimate Property Tax Bill

$7,317

$6,790

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

Property Tax Rates Across Crystal Lake, Mchenry County, Illinois

Local government entities are responsible for setting tax rates, which can differ significantly within Illinois. This variation occurs because each county annually estimates its required budget for services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the yearly process.

In Crystal Lake, located in McHenry County, the effective property tax rate is quite notable compared to other cities in Illinois and the national average. The median property tax rate here is 2.87%, which is considerably higher than the national median property tax rate of 1.02%. In fact, the highest median tax rate in Crystal Lake is 2.88% in the 60014 zip code, while the lowest is 2.77% in the 60012 zip code. With the national median property tax bill at $2400, property owners in Crystal Lake face a much higher tax burden, reflecting the value and demand for local services.

Property Tax Rates Across Crystal Lake, 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 Crystal Lake Taxx Rate

2.87%

Median Effective Mchenry County Taxx Rate

2.75%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Crystal Lake, Mchenry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60012	2.54%	2.63%	2.77%	3.01%	3.07%
60014	2.51%	2.72%	2.88%	2.97%	3.16%

Source: Ownwell

Property Tax Assessment Values Across Crystal Lake, Mchenry County, Illinois

When examining property taxes in Crystal Lake, 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 McHenry 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. Assessment notices: In McHenry 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 Crystal Lake. For example, the median home price in Crystal Lake is $254,938, with tax bills ranging significantly across the county. Zip code 60012 has the highest median home price at $335,868.

Property Tax Assessment Values Across Crystal Lake, Mchenry County, Illinois

Source: Ownwell

$134,019

$378,264

$622,508

Median Crystal Lake Market Value

$254,938

Median Mchenry County Market Value

$241,654

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Crystal Lake, Mchenry County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60012	$206,834	$275,061	$335,868	$393,466	$481,763
60014	$141,627	$188,208	$235,281	$299,469	$379,431

Source: Ownwell

Property Tax Bills Across Crystal Lake, Mchenry County, Illinois

In Crystal Lake, located in McHenry County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. The property tax rate is applied to this assessed value to determine the tax bill. With property tax bills ranging from $5,408 at the 25th percentile to $11,836 at the 90th percentile, Crystal Lake homeowners often face higher tax bills compared to the national median of $2,400. Factors such as property location, improvements, and market conditions influence the assessed value and, consequently, the tax bill.

Ownwell assists homeowners by identifying potential savings on their property tax bills. By analyzing property assessments and market data, Ownwell can uncover discrepancies and help homeowners appeal their tax assessments. This process can lead to significant savings, reducing the financial burden on homeowners. With expertise in property tax appeals, Ownwell ensures that homeowners in Crystal Lake pay only their fair share.

Property Tax Bills Across Crystal Lake, Mchenry County, Illinois

Source: Ownwell

$3,508

$9,978

$16,448

Median Crystal Lake Tax Bill

$7,219

Median Mchenry County Tax Bill

$6,534

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Crystal Lake, Mchenry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60012	$5,287	$7,473	$9,429	$11,296	$13,652
60014	$3,513	$5,189	$6,660	$8,679	$11,059

Source: Ownwell