Barrington Hills, Mchenry County, Illinois Property Taxes

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

Median Barrington Hills, IL effective property tax rate: 2.80%, 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: $32,265. Median annual Barrington Hills, IL tax bill: $947, $1,453 lower than the national median property tax bill of $2,400. How are property taxes in McHenry 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, Mchenry County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.37%

Estimate Property Tax Bill

$8,556

$7,939

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 McHenry County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Barrington Hills, Mchenry County, Illinois

As noted earlier, 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 Barrington Hills’ effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Barrington Hills, located in McHenry County, experiences a higher effective property tax rate compared to the national median. With Illinois having a median property tax rate of 2.80%, property owners in Barrington Hills face one of the higher rates in the nation. This is significantly above the national median property tax rate of 1.02%. Understanding these differences can help property owners in Barrington Hills and surrounding areas navigate their property tax obligations more effectively.

Property Tax Rates Across Barrington Hills, Mchenry County, Illinois

Source: Ownwell

1.80%

2.34%

2.88%

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

2.37%

Median Effective Mchenry County Tax Rate

2.42%

Median Effective Illinois Tax Rate

2.33%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Barrington Hills, Mchenry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60010	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Barrington Hills, Mchenry 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 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.

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 Barrington Hills. For example, the median home price in Barrington Hills is $32,265, with tax bills ranging significantly across the county.

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

Source: Ownwell

$167,403

$458,643

$749,883

Median Barrington Hills Market Value

$360,996

Median Mchenry County Market Value

$297,576

Median Illinois Market Value

$227,888

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60010	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Barrington Hills, Mchenry County, Illinois

In Barrington Hills, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the tax bill. In McHenry County, homeowners face a median property tax rate higher than the national average of 1.02%. For instance, the 90th percentile tax bill in Barrington Hills reaches $12,945, significantly above the national median property tax bill of $2,400. Factors influencing the tax bill include the property's assessed value, the local tax rate, and any applicable exemptions or deductions. High property tax bills can put a strain on homeowners, making it crucial to ensure accurate assessments. Ownwell assists homeowners by providing expert property tax appeal services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners reduce their tax bills. This ensures homeowners pay only their fair share, potentially saving them thousands of dollars annually.

Property Tax Bills Across Barrington Hills, Mchenry County, Illinois

Source: Ownwell

$3,967

$10,749

$17,531

Median Barrington Hills Tax Bill

$7,913

Median Mchenry County Tax Bill

$7,056

Median Illinois Tax Bill

$5,277

Median United States Tax Bill

$2,400

Property Tax Bills Across Barrington Hills, Mchenry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60010	N/A	N/A	N/A	N/A	N/A

Source: Ownwell