The Civic Federation has issued a report entitled, “ESTIMATED EFFECTIVE PROPERTY TAX RATES 2007-2016: Selected Municipalities in Northeastern Illinois.”
For McHenry County, it has calculated effective tax rates for four communities:
- Woodstock – 3.6%
- Harvard – 3.47%
- Algonquin – 3.09%
- Barrington Hills – 2.4%
One may calculate one’s effective tax rte by dividing the value of one’s home (estimated today’s sales price) into one’s property tax bill.