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McHenry Times

Sunday, November 24, 2024

Analysis: McHenry County effective property tax rate outpaced the national average in Q3 2022

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Property owners in McHenry County paid 2.2% of the value of their homes in property taxes in the third quarter of 2022, which is more than 1.9 times the national average, according to the real estate analysis posted by the McHenry Times.

The median sales price of a McHenry County home in the third quarter of 2022 was $290,000, based on data from the 1,561 properties sold during that time. In 2021 the median tax bill for the county was $6,230, which is 2.2% of the median value of the homes that were taxed.

This is 1.9 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 Port Barrington and Holiday Hills paid the highest rates.

The following table compares Port Barrington with some other cities belonging to McHenry County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2022.

CityQ3 2022 SalesQ3 2022 Median PriceMedian tax 2022Effective tax rate
Port Barrington9$307,000$8,7482.8%
Holiday Hills10$165,000$4,5782.8%
Lakewood32$446,500$11,9932.7%
Trout Valley3$432,500$11,5782.7%
McCullom Lake5$137,000$3,6712.7%
Eastwood Manor1$175,000$4,7252.7%
Oakwood Hills16$265,000$6,8862.6%
Fox River Grove22$321,500$8,2012.6%
Harvard34$167,500$4,1692.5%
Lakemoor19$215,000$5,4092.5%
Island Lake25$230,000$5,8552.5%
Cary104$325,000$7,7522.4%
Crystal Lake186$290,000$7,0302.4%
Lake in the Hills145$301,500$7,1122.4%
Algonquin109$320,000$7,5562.4%
Johnsburg34$297,500$7,2042.4%
McHenry161$245,000$5,8692.4%
Prairie Grove6$452,500$10,9022.4%
Bull Valley10$531,500$12,3332.3%
Woodstock117$260,000$5,8782.3%
Silver Lake2$203,500$4,3992.2%
Huntley98$347,500$7,8102.2%
Lilymoor4$202,500$4,3562.2%
Spring Grove22$417,500$8,9062.1%
Pistakee Highlands21$182,000$3,8962.1%
Wonder Center4$141,000$2,9832.1%
Burtons Bridge1$217,000$4,6222.1%
Richmond6$272,500$5,7472.1%
Barrington Hills11$849,000$17,3552%
Crystal Gardens2$245,000$4,8442%
Wonder Lake47$218,000$4,3372%
Marengo41$243,500$4,6781.9%
Ringwood4$437,500$8,4931.9%
Pistakee3$232,000$4,3131.9%
Crystal Manor4$230,750$4,0101.7%
Hebron2$226,500$3,7701.7%
Union3$243,000$3,9621.6%
Haegers Bend1$915,000$6,6390.7%

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