Average Tax Assessment in McHenry County
Real Estate Values and Property Tax Valuation in McHenry County, Illinois
McHenry County has a total of 110,910 properties, with a cumulative value of $26.6B. This accounts for 3.79% of all real estate value in Illinois. Property taxes in McHenry County amount to $733.7M, with an average of $6,617 paid by homeowners, which is higher than the state average of $5,405. The average property tax rate in McHenry County is 2.76%, while the state average is 2.47%. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
In Illinois, property taxes are based on the value of the property as of January 1st. Property owners have the option to appeal their property taxes between June and December, or within 30 days of when the notices are published. Property tax bills are issued on February 1st and July 1st, with the first installment due on June 1st in Cook County. This first installment is estimated at 55% of the prior year's tax bill, with taxes paid in arrears.
Updated November 01, 2023
| Important Links | |
|---|---|
| McHenry Recorder of Deeds | (815) 334-4110 |
| McHenry Recorder | (701) 537-5634 |
| McHenry Assessor | (815) 334-4290 |
| McHenry Treasurer | (701) 537-5731 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Tax Appeal Deadline: | June - December or 30 days after notices are published |
| Property Tax Bills Issued: | February 1st and July 1st |
| Real Property Tax Bill Due (1st of #): | June, Two installments but due dates may vary by county March 1st, Cook County - 1st half installment, estimated at 55% of prior year tax bill with taxes paid in arrears. |
| Real Property Tax Bill Due (2nd of #): | September, Two installments but due dates may vary by county August 1, Cook County - 2nd half installment - TARGETED but may be delayed - due 30 days after being issued. Reconciled installment using the BOR certified AV, actual local tax rate, and final state equalization factor, less the estimated 1st installment with taxes paid in arrears |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in McHenry County
Residential Property Taxes by Cities in McHenry County
McHenry County has an average property tax rate of 2.76%, which is slightly lower than the national average of 2.79%. This rate is applied to all property owners in the county, regardless of their location. However, the effective property tax rate can vary significantly from city to city. For example, the highest effective property tax rate in the county is 3.07% in Port Barrington, while the lowest effective rate is 2.31% in Hebron. This means that property owners in Port Barrington pay significantly more in taxes than those in Hebron.
Overall, McHenry County has a relatively low property tax rate compared to other counties in the state. However, it is important to note that the effective rate can vary significantly from city to city, so it is important to research the rates in each city before making a decision on where to purchase property.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in McHenry County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Algonquin | $160,938 | $207,682 | $260,037 | $334,546 | $398,355 |
| Barrington | $286,420 | $413,850 | $590,823 | $794,115 | $1,079,635 |
| Bull Valley | $279,108 | $335,350 | $391,618 | $476,815 | $639,765 |
| Cary | $143,595 | $177,606 | $246,681 | $314,066 | $387,516 |
| Crystal Lake | $136,923 | $182,463 | $237,309 | $306,394 | $381,042 |
| Fox River Grove | $128,796 | $174,042 | $234,846 | $292,395 | $369,515 |
| Harvard | $93,715 | $117,894 | $150,945 | $203,187 | $290,311 |
| Hebron | $91,276 | $137,672 | $167,764 | $218,318 | $299,695 |
| Holiday Hills | $94,131 | $129,735 | $153,336 | $176,320 | $206,490 |
| Huntley | $177,965 | $223,257 | $271,670 | $332,585 | $372,440 |
| Island Lake | $123,528 | $137,067 | $173,830 | $206,060 | $287,800 |
| Johnsburg | $146,025 | $192,200 | $268,546 | $335,007 | $451,498 |
| Lake In The Hills | $140,437 | $177,855 | $237,660 | $274,860 | $309,857 |
| Lakemoor | $93,949 | $119,664 | $138,675 | $180,542 | $230,899 |
| Marengo | $116,432 | $149,434 | $206,826 | $277,974 | $357,338 |
| Mccullom Lake | $78,444 | $98,129 | $123,544 | $159,367 | $191,114 |
| Mchenry | $111,279 | $150,190 | $187,034 | $248,050 | $330,971 |
| Oakwood Hills | $142,246 | $188,985 | $219,768 | $257,385 | $440,220 |
| Port Barrington | $144,532 | $185,528 | $260,860 | $298,184 | $317,231 |
| Richmond | $71,601 | $140,001 | $216,123 | $285,621 | $343,965 |
| Ringwood | $172,904 | $241,588 | $310,660 | $360,286 | $431,066 |
| Spring Grove | $154,818 | $229,416 | $299,994 | $348,512 | $402,711 |
| Union | $125,026 | $158,487 | $230,385 | $307,251 | $377,996 |
| Village Of Lakewood | $215,135 | $284,211 | $395,535 | $472,485 | $552,182 |
| Wonder Lake | $84,819 | $113,065 | $150,444 | $214,275 | $285,161 |
| Woodstock | $108,548 | $146,913 | $203,259 | $265,425 | $340,144 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in McHenry County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Algonquin | $4,109 | $5,329 | $6,962 | $9,000 | $10,900 |
| Barrington | $7,449 | $10,962 | $16,105 | $21,811 | $29,848 |
| Bull Valley | $6,634 | $9,775 | $11,763 | $14,782 | $20,524 |
| Cary | $3,719 | $5,046 | $7,083 | $9,489 | $12,309 |
| Crystal Lake | $3,331 | $5,061 | $6,777 | $8,915 | $11,206 |
| Fox River Grove | $3,181 | $4,814 | $7,006 | $9,247 | $11,346 |
| Harvard | $2,216 | $3,194 | $4,233 | $5,474 | $7,134 |
| Hebron | $1,981 | $2,880 | $3,947 | $5,085 | $6,872 |
| Holiday Hills | $1,615 | $3,346 | $4,177 | $4,883 | $5,861 |
| Huntley | $4,197 | $5,330 | $7,445 | $8,958 | $9,728 |
| Island Lake | $3,530 | $4,140 | $5,267 | $6,380 | $8,880 |
| Johnsburg | $3,301 | $4,602 | $6,697 | $8,644 | $11,713 |
| Lake In The Hills | $3,765 | $4,874 | $6,517 | $7,601 | $8,870 |
| Lakemoor | $2,397 | $3,784 | $4,528 | $5,188 | $7,418 |
| Marengo | $2,699 | $3,752 | $4,926 | $6,433 | $7,764 |
| Mccullom Lake | $1,323 | $2,521 | $3,279 | $4,439 | $5,405 |
| Mchenry | $2,498 | $3,808 | $5,248 | $7,115 | $9,582 |
| Oakwood Hills | $3,702 | $5,298 | $6,424 | $7,590 | $13,613 |
| Port Barrington | $4,144 | $5,602 | $8,029 | $9,291 | $10,098 |
| Richmond | $2,223 | $3,324 | $5,503 | $7,644 | $9,283 |
| Ringwood | $3,893 | $5,560 | $7,737 | $9,069 | $10,550 |
| Spring Grove | $3,461 | $5,555 | $7,914 | $9,455 | $11,170 |
| Union | $2,581 | $3,666 | $5,427 | $7,505 | $9,402 |
| Village Of Lakewood | $5,697 | $7,663 | $11,278 | $13,556 | $15,996 |
| Wonder Lake | $2,001 | $2,912 | $4,074 | $6,024 | $8,400 |
| Woodstock | $2,907 | $4,298 | $6,109 | $8,159 | $10,164 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Algonquin | 2.55% | 2.57% | 2.68% | 2.69% | 2.74% |
| Barrington | 2.60% | 2.65% | 2.73% | 2.75% | 2.76% |
| Bull Valley | 2.38% | 2.91% | 3.00% | 3.10% | 3.21% |
| Cary | 2.59% | 2.84% | 2.87% | 3.02% | 3.18% |
| Crystal Lake | 2.43% | 2.77% | 2.86% | 2.91% | 2.94% |
| Fox River Grove | 2.47% | 2.77% | 2.98% | 3.16% | 3.07% |
| Harvard | 2.36% | 2.71% | 2.80% | 2.69% | 2.46% |
| Hebron | 2.17% | 2.09% | 2.35% | 2.33% | 2.29% |
| Holiday Hills | 1.72% | 2.58% | 2.72% | 2.77% | 2.84% |
| Huntley | 2.36% | 2.39% | 2.74% | 2.69% | 2.61% |
| Island Lake | 2.86% | 3.02% | 3.03% | 3.10% | 3.09% |
| Johnsburg | 2.26% | 2.39% | 2.49% | 2.58% | 2.59% |
| Lake In The Hills | 2.68% | 2.74% | 2.74% | 2.77% | 2.86% |
| Lakemoor | 2.55% | 3.16% | 3.27% | 2.87% | 3.21% |
| Marengo | 2.32% | 2.51% | 2.38% | 2.31% | 2.17% |
| Mccullom Lake | 1.69% | 2.57% | 2.65% | 2.79% | 2.83% |
| Mchenry | 2.24% | 2.54% | 2.81% | 2.87% | 2.90% |
| Oakwood Hills | 2.60% | 2.80% | 2.92% | 2.95% | 3.09% |
| Port Barrington | 2.87% | 3.02% | 3.08% | 3.12% | 3.18% |
| Richmond | 3.10% | 2.37% | 2.55% | 2.68% | 2.70% |
| Ringwood | 2.25% | 2.30% | 2.49% | 2.52% | 2.45% |
| Spring Grove | 2.24% | 2.42% | 2.64% | 2.71% | 2.77% |
| Union | 2.06% | 2.31% | 2.36% | 2.44% | 2.49% |
| Village Of Lakewood | 2.65% | 2.70% | 2.85% | 2.87% | 2.90% |
| Wonder Lake | 2.36% | 2.58% | 2.71% | 2.81% | 2.95% |
| Woodstock | 2.68% | 2.93% | 3.01% | 3.07% | 2.99% |
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Real Estate Values in McHenry County
The median home price in McHenry County, Illinois has increased by 3.26% from October 2022 to October 2023, from $276.0K to $285.0K. This is indicative of a positive trend in the housing market in the area. Additionally, the home inventory in McHenry County has decreased from 1.2K in October 2022 to 909 in October 2023, suggesting that the demand for housing in the area is increasing.
Average Home Value in McHenry County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in McHenry County
Last updated: November 2023
Percent Change in New Home Listings in McHenry County
Last updated: November 2023
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Mortgage Rates in McHenry County
Mortgages in McHenry County are a significant part of the local economy. There is a total of $12.4 billion in outstanding loan amounts across home mortgages in the county, with 69,500 outstanding loans. This represents a significant portion of the total home value in the county. The median mortgage rate in McHenry County varies significantly across cities, with the highest rate being 5.86% in Mccullom Lake and the lowest rate being 4.37% in Village Of Lakewood. This variation in rates across cities can have a significant impact on the affordability of mortgages in the county. Overall, mortgages in McHenry County are an important part of the local economy and the variation in rates across cities can have a significant impact on the affordability of mortgages in the county.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in McHenry County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Algonquin | $51,787 | $96,783 | $151,655 | $215,248 | $287,260 |
| Barrington | $92,220 | $163,969 | $316,358 | $453,626 | $641,437 |
| Bull Valley | $68,956 | $163,923 | $230,100 | $321,043 | $468,642 |
| Cary | $49,609 | $90,793 | $144,696 | $207,956 | $276,332 |
| Crystal Lake | $45,605 | $87,583 | $145,229 | $215,942 | $287,948 |
| Fox River Grove | $43,794 | $80,541 | $133,042 | $199,672 | $260,278 |
| Harvard | $34,527 | $60,869 | $93,712 | $146,870 | $211,946 |
| Hebron | $39,726 | $79,464 | $126,043 | $177,331 | $273,860 |
| Holiday Hills | $36,230 | $61,297 | $100,729 | $141,334 | $183,046 |
| Huntley | $73,151 | $111,372 | $167,193 | $230,380 | $294,499 |
| Island Lake | $31,698 | $60,449 | $104,636 | $153,232 | $216,038 |
| Johnsburg | $50,338 | $93,324 | $148,766 | $218,661 | $297,070 |
| Lake In The Hills | $42,625 | $78,055 | $127,796 | $189,519 | $247,447 |
| Lakemoor | $53,883 | $78,696 | $104,201 | $139,735 | $174,247 |
| Marengo | $43,822 | $84,788 | $130,715 | $194,475 | $266,728 |
| Mccullom Lake | $25,019 | $48,511 | $81,267 | $117,087 | $167,702 |
| Mchenry | $44,527 | $80,877 | $126,293 | $181,421 | $242,332 |
| Oakwood Hills | $46,713 | $83,359 | $144,687 | $204,165 | $272,472 |
| Port Barrington | $66,529 | $104,970 | $161,354 | $231,677 | $278,345 |
| Richmond | $45,160 | $75,529 | $137,644 | $208,704 | $279,209 |
| Ringwood | $56,587 | $115,033 | $189,130 | $243,326 | $315,473 |
| Spring Grove | $51,292 | $106,406 | $171,528 | $246,106 | $314,006 |
| Union | $41,943 | $92,328 | $155,254 | $245,272 | $314,884 |
| Village Of Lakewood | $93,273 | $159,230 | $231,471 | $320,237 | $409,189 |
| Wonder Lake | $35,875 | $66,302 | $108,162 | $154,714 | $205,900 |
| Woodstock | $44,438 | $82,451 | $129,958 | $188,046 | $255,578 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across McHenry County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Algonquin | 3.12% | 3.75% | 4.75% | 6.59% | 7.63% |
| Barrington | 3.00% | 3.65% | 4.50% | 6.37% | 7.68% |
| Bull Valley | 3.00% | 3.75% | 4.45% | 6.36% | 7.29% |
| Cary | 3.09% | 3.75% | 4.75% | 6.54% | 7.50% |
| Crystal Lake | 3.10% | 3.75% | 4.65% | 6.56% | 7.62% |
| Fox River Grove | 3.00% | 3.75% | 4.62% | 6.62% | 7.73% |
| Harvard | 3.25% | 3.87% | 4.90% | 6.63% | 7.65% |
| Hebron | 2.99% | 3.59% | 4.62% | 6.48% | 7.44% |
| Holiday Hills | 3.47% | 4.00% | 5.17% | 6.87% | 7.96% |
| Huntley | 3.12% | 3.75% | 4.45% | 6.05% | 7.00% |
| Island Lake | 3.20% | 3.87% | 4.87% | 6.87% | 7.91% |
| Johnsburg | 3.12% | 3.87% | 4.87% | 6.64% | 7.63% |
| Lake In The Hills | 3.12% | 3.87% | 5.12% | 6.87% | 7.78% |
| Lakemoor | 3.12% | 3.87% | 4.77% | 6.36% | 7.61% |
| Marengo | 3.03% | 3.75% | 4.80% | 6.49% | 7.67% |
| Mccullom Lake | 2.95% | 3.75% | 5.86% | 6.97% | 7.92% |
| Mchenry | 3.00% | 3.75% | 4.63% | 6.37% | 7.43% |
| Oakwood Hills | 2.90% | 3.75% | 4.75% | 6.73% | 7.68% |
| Port Barrington | 3.03% | 3.75% | 4.62% | 6.68% | 7.51% |
| Richmond | 3.05% | 3.79% | 4.71% | 6.21% | 7.36% |
| Ringwood | 3.00% | 3.87% | 4.50% | 6.10% | 7.29% |
| Spring Grove | 3.12% | 3.75% | 4.75% | 6.51% | 7.64% |
| Union | 3.12% | 3.85% | 4.83% | 6.54% | 7.69% |
| Village Of Lakewood | 2.95% | 3.59% | 4.37% | 5.73% | 6.94% |
| Wonder Lake | 3.12% | 3.75% | 4.87% | 6.54% | 7.71% |
| Woodstock | 3.10% | 3.75% | 4.75% | 6.37% | 7.37% |
Housing Expenses in McHenry County, Illinois
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