The median sales price of a McHenry County home in the first quarter of 2022 was $252,500, based on data from the 1,155 properties sold during that time. In 2021 the median tax bill for the county was $6,230, which is 2.5% of the median value of the homes that were taxed.
This is 2.2 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.
The analysis of McHenry County real estate data showed homeowners in Lakewood, Cary, and Hebron paid the highest rates.
The following table compares Lakewood with some other cities belonging to McHenry County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2022.
| City | Q1 2022 Sales | Q1 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Lakewood | 22 | $322,500 | $11,993 | 3.7% |
| Cary | 56 | $215,250 | $7,752 | 3.6% |
| Hebron | 3 | $113,500 | $3,770 | 3.3% |
| Fox River Grove | 15 | $260,000 | $8,201 | 3.2% |
| Fox Lake | 2 | $348,500 | $11,152 | 3.2% |
| Trout Valley | 2 | $387,500 | $11,578 | 3% |
| Island Lake | 16 | $200,750 | $5,855 | 2.9% |
| Crystal Gardens | 1 | $175,000 | $4,844 | 2.8% |
| Huntley | 69 | $275,000 | $7,810 | 2.8% |
| Pistakee | 4 | $152,500 | $4,313 | 2.8% |
| Crystal Lake | 147 | $262,000 | $7,030 | 2.7% |
| McHenry | 130 | $215,250 | $5,869 | 2.7% |
| Lakemoor | 7 | $203,000 | $5,409 | 2.7% |
| Richmond | 11 | $211,000 | $5,747 | 2.7% |
| Lake in the Hills | 100 | $277,000 | $7,112 | 2.6% |
| Algonquin | 85 | $295,000 | $7,556 | 2.6% |
| Prairie Grove | 10 | $412,500 | $10,902 | 2.6% |
| Harvard | 20 | $165,000 | $4,169 | 2.5% |
| Woodstock | 98 | $232,500 | $5,878 | 2.5% |
| Port Barrington | 4 | $360,000 | $8,748 | 2.4% |
| Spring Grove | 23 | $365,000 | $8,906 | 2.4% |
| Marengo | 30 | $197,500 | $4,678 | 2.4% |
| Bull Valley | 4 | $522,500 | $12,333 | 2.4% |
| Wonder Lake | 49 | $180,000 | $4,337 | 2.4% |
| Johnsburg | 28 | $298,000 | $7,204 | 2.4% |
| Eastwood Manor | 5 | $200,000 | $4,725 | 2.4% |
| Oakwood Hills | 5 | $300,000 | $6,886 | 2.3% |
| Barrington Hills | 8 | $757,500 | $17,355 | 2.3% |
| Crystal Manor | 1 | $190,000 | $4,010 | 2.1% |
| Burtons Bridge | 2 | $235,500 | $4,622 | 2% |
| Fox River Shores | 4 | $302,500 | $6,059 | 2% |
| Pistakee Highlands | 20 | $200,000 | $3,896 | 1.9% |
| Wonder Center | 3 | $155,000 | $2,983 | 1.9% |
| Silver Lake | 4 | $242,500 | $4,399 | 1.8% |
| McCullom Lake | 5 | $205,000 | $3,671 | 1.8% |
| Holiday Hills | 3 | $262,000 | $4,578 | 1.7% |
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