The following effective tax rates — property taxes paid as a percentage of value — were calculated by Mike Klemens for the Taxpayers Federation of Illinois.
Woodstock has jumped from 52nd on the 2005 list to 13th in 2016.
Homeowners paid 3.54% of the value of their homes when 2026 taxes were collected in 2017, making it the highest effective tax rate in McHenry County.
Next on the Taxpayers Federation’s list was Crytal Lake.
In 2005, it ranked 56th highest taxed municipality in Illinois.
In 2016, it ranked number 19 among the 89 places studied.
On the average, residents paid 3.33% of the value of their homes in taxes.
The average home in Crystal Lake was assessed at $67,600, while the comparable figure in Woodstock was $71,175. (Multiply the assessment by three to find the average sales price.)
McHenry ranked 75th highest in 2005, but rose to the 25th highest in 2016.
The average assessment was $65,050 in McHenry.
The effective tax rate was 3.2%.
Chicago homeowners are next to lowest on the 89-city list.
Last year Chicago was the lowest taxed on the list.
The average Chicago home is assessed at $56,352 and its effective tax rate is 1.61%.
The whole report can be found here.