Quantcast

McHenry Times

Monday, March 18, 2024

Analysis: Hebron pays property taxes nearly two times national average

Mchenry

The home for sale at 10515 Button Road in Hebron had a property tax bill of $3,299 in 2017. | Zillow.com

The home for sale at 10515 Button Road in Hebron had a property tax bill of $3,299 in 2017. | Zillow.com

Property owners in Hebron paid more than 2.1 percent of the value of their home in taxes last year. That’s nearly two times the national average, according to an LGIS analysis of real estate sales data in McHenry County from Jan 1. to June 30.

Local Government Information Service (LGIS) publishes the McHenry Times.

Hebron, population 1,200, recorded a median sale price of $151,384, based on data from the 12 properties sold during the first half of 2018. In 2017, homeowners paid a median property tax bill of $3,208, according to county tax data from the McHenry County Assessment Office.

That’s 2.12 percent of the community’s median home value. In the U.S., the average effective property tax rate is 1.19 percent.

Put another way: a $151,384 home in Indiana, where the effective rate is 0.89 percent, would have a property tax bill of about $1,347, or more than $1,800 less per year.

The analysis, including 25 McHenry County communities, shows homeowners in Barrington Hills, Bull Valley, Lakewood, Richmond, Prairie Grove, Cary, Lakemoor and Harvard pay the highest property taxes in the county -- between 3 and 4 percent of their homes' value each year.

Illinois homeowners pay the second-highest property taxes in the country with an effective median rate of 2.32 percent, just behind those in New Jersey (2.28 percent).

--

Top property rates in McHenry County

The following table ranks McHenry County communities by their median effective property tax rate, calculated using sales and property tax data from 2018.

CityJan - June 2018 SalesJan - June 2018 Median Price Median taxEffective Property Tax Rate
Barrington Hills10$431,750$15,9563.70%
Bull Valley12$337,750$11,7223.47%
Lakewood53$340,000$11,7273.45%
Richmond29$126,000$4,1793.32%
Prairie Grove27$325,000$10,4163.21%
Cary180$210,000$6,7003.19%
Lakemoor22$151,250$4,6423.07%
Harvard56$107,500$3,2973.07%
Crystal Lake419$202,000$5,8572.90%
McHenry308$176,250$5,0542.87%
Fox River Grove43$245,000$7,0152.86%
Algonquin190$227,000$6,4972.86%
Spring Grove60$289,500$8,2212.84%
Island Lake45$170,000$4,8032.83%
Woodstock233$165,000$4,6592.82%
Lake in the Hills329$210,000$5,8792.80%
Marengo56$157,000$4,1002.61%
Oakwood Hills30$219,000$5,7032.60%
Port Barrington18$275,000$7,0892.58%
Huntley188$240,500$6,0682.52%
Johnsburg53$250,000$6,1532.46%
Wonder Lake107$140,000$3,3862.42%
Pistakee Highlands29$140,000$3,2152.30%
Hebron12$151,384$3,2082.12%
Source: Blockshopper.com; McHenry County Assessor’s Office

Median sales prices in McHenry County

The following table ranks McHenry County cities by their year-over-year change in median sale price, which is calculated using prices of properties sold during the first six months of 2018.

CityJan - June 2017 SalesJan - June 2017 Median PriceJan - June 2018 SalesJan - June 2018 Median PriceChange
Johnsburg56$209,50053$250,00019.33%
Prairie Grove21$283,00027$325,00014.84%
Island Lake49$150,00045$170,00013.33%
Oakwood Hills23$196,00030$219,00011.73%
Marengo63$142,00056$157,00010.56%
Fox River Grove34$224,00043$245,0009.38%
Hebron8$139,00012$151,3848.91%
Lake in the Hills348$196,000329$210,0007.14%
Lakemoor29$142,00022$151,2506.51%
Wonder Lake105$132,000107$140,0006.06%
Woodstock214$156,000233$165,0005.77%
McHenry289$168,000308$176,2504.91%
Crystal Lake384$194,500419$202,0003.86%
Port Barrington11$270,00018$275,0001.85%
Spring Grove39$285,00060$289,5001.58%
Harvard64$107,50056$107,5000.00%
Bull Valley18$342,25012$337,750-1.31%
Cary158$215,500180$210,000-2.55%
Algonquin214$235,000190$227,000-3.40%
Pistakee Highlands33$145,00029$140,000-3.45%
Huntley225$254,500188$240,500-5.50%
Richmond27$140,00029$126,000-10.00%
Lakewood44$379,25053$340,000-10.35%
Barrington Hills11$521,50010$431,750-17.21%
Source: Blockshopper.com; McHenry County Recorder of Deeds

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS