Union, Mchenry County, Illinois Property Taxes

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

Median Union, IL effective property tax rate: 2.32%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Union, IL home value: $250,701
Median annual Union, IL tax bill: $5,741, $3,341 higher than the national median property tax bill of $2,400.

How are property taxes in McHenry calculated?

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

Last Updated March 1, 2025

Union, Mchenry County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.32%

Estimate Property Tax Bill

$5,816

$5,397

Ownwell’s Union Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Union with just two data points. By entering your property's estimated assessed value, our calculator applies Union’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 Union, Mchenry County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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 Union’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Union, located in McHenry County, has a median property tax rate of 2.32%. This rate is significantly higher than the national median property tax rate of 1.02%. The property tax rate in Union is the same as the highest and lowest median tax rates in the state, indicating a uniformity in the tax rate across different areas within the county. This higher rate reflects the county's budgetary needs and the total value of taxable property.

Property Tax Rates Across Union, 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 Union Tax Rate

2.32%

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 Union, Mchenry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60180	2.03%	2.21%	2.32%	2.41%	2.56%

Source: Ownwell

Property Tax Assessment Values Across Union, Mchenry County, Illinois

When examining property taxes in Union, Illinois, 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 Union.

For example, the median home price in Union is $250,701, with tax bills ranging significantly across the county. Zip code 60180 has the highest median home price at $250,701.

Property Tax Assessment Values Across Union, Mchenry County, Illinois

Source: Ownwell

$134,019

$378,264

$622,508

Median Union Market Value

$250,701

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 Union, Mchenry County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60180	$140,649	$169,533	$250,701	$327,795	$407,457

Source: Ownwell

Property Tax Bills Across Union, Mchenry County, Illinois

Property tax bills in Union, located in McHenry County, IL, are determined by assessing the property's value and applying the local tax rate. In this area, the median home price is $250,701, and property tax bills can vary significantly. For instance, residents at the 25th percentile pay around $3,818, while those at the 75th percentile see bills closer to $7,822. These figures highlight the variability in tax bills, which can reach $9,794 at the 90th percentile. The median property tax rate in this region is notably higher than the national median rate of 1.02%. Homeowners often find these tax bills burdensome, impacting their overall cost of living. However, Ownwell offers a valuable solution by providing property tax appeal services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners potentially reduce their tax burden. This service can lead to significant savings, making homeownership more affordable and less stressful for residents in Union, IL.

Property Tax Bills Across Union, Mchenry County, Illinois

Source: Ownwell

$3,508

$9,978

$16,448

Median Union Tax Bill

$5,741

Median Mchenry County Tax Bill

$6,534

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Union, Mchenry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60180	$2,798	$3,818	$5,741	$7,822	$9,794

Source: Ownwell