Port Barrington, Mchenry County, Illinois Property Taxes

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

Median Port Barrington, IL effective property tax rate: 3.01%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Port Barrington, IL home value: $278,259
Median annual Port Barrington, IL tax bill: $8,305, $5,905 higher than the national median property tax bill of $2,400.

How are property taxes in McHenry County calculated?

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

Last Updated March 1, 2025

Port Barrington, Mchenry County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.01%

Estimate Property Tax Bill

$8,376

$7,772

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

Property Tax Rates Across Port Barrington, Mchenry County, Illinois

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide 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 Port Barrington’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Port Barrington in McHenry County has a median property tax rate that stands at 3.01%, significantly higher than the national median property tax rate of 1.02%. This makes it one of the areas with the highest property tax rates in Illinois, as the same rate applies across all zip codes in the area. Homeowners in this region may find it beneficial to explore property tax appeal and exemption services to potentially reduce their tax burden.

Property Tax Rates Across Port Barrington, 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 Port Barrington Tax Rate

3.01%

Median Effective Mchenry County Tax Rate

2.75%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Port Barrington, Mchenry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60010	2.79%	2.92%	3.01%	3.07%	3.20%

Source: Ownwell

Property Tax Assessment Values Across Port Barrington, Mchenry County, Illinois

When examining property taxes in Port 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 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.

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 Port Barrington. For example, the median home price in Port Barrington is $278,259, with tax bills ranging significantly across the county. Zip code 60010 has the highest median home price at $278,259.

Property Tax Assessment Values Across Port Barrington, Mchenry County, Illinois

Source: Ownwell

$134,019

$378,264

$622,508

Median Port Barrington Market Value

$278,259

Median Mchenry County Market Value

$241,654

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Port Barrington, Mchenry County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60010	$151,516	$197,709	$278,259	$318,087	$341,896

Source: Ownwell

Property Tax Bills Across Port Barrington, Mchenry County, Illinois

Property tax bills in Port Barrington, located in McHenry County, Illinois, are calculated based on the assessed value of a property, which is a percentage of its market value. The tax rate is applied to this assessed value to determine the tax bill. Factors such as local government budgets and school district funding needs significantly influence the tax rate. Homeowners in this area face a median property tax bill of $8,305, which is considerably higher than the national median of $2,400. This high tax burden can impact homeowners' finances, making it crucial to ensure that their property is assessed accurately.

Ownwell can assist homeowners in Port Barrington by reviewing their property assessments and identifying potential errors or overvaluations. By appealing these assessments, homeowners can potentially reduce their tax bills. With expertise in local tax regulations and a focus on maximizing savings, Ownwell provides valuable support to homeowners seeking to lower their property tax expenses. This service ensures that residents only pay what is fair, alleviating some of the financial strain associated with high property taxes.

Property Tax Bills Across Port Barrington, Mchenry County, Illinois

Source: Ownwell

$3,508

$9,978

$16,448

Median Port Barrington Tax Bill

$8,305

Median Mchenry County Tax Bill

$6,534

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Port Barrington, Mchenry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60010	$4,274	$5,788	$8,305	$9,594	$10,501

Source: Ownwell