Lake Barrington, Lake County, Illinois Property Taxes
Property Taxes in Lake Barrington, Illinois
Median Lake Barrington, Illinois effective property tax rate: 2.04%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Lake Barrington, Illinois home value: $395,046
Median annual Lake Barrington, Illinois tax bill: $7,998, higher than the national median property tax bill of $2,400.
How are property taxes in Lake County calculated?
Property taxes in Lake Barrington, Illinois are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Lake Barrington's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Barrington, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lake Barrington, Lake County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.04%
Estimate Property Tax Bill
$8,059
$7,478
How Does the Lake Barrington Property Tax Calculator Work?
Use this Lake Barrington property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lake Barrington's median effective tax rate of 2.04% — based on actual property records in Lake County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lake Barrington's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Lake Barrington: rates range from $7,809 in 60010 to $11,727 in 60084, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lake Barrington.
About Lake Barrington Property Taxes
About Property Taxes in Lake Barrington, Lake, Illinois
Lake Barrington’s median effective property tax rate of 2.04% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Lake County base levy combined with local school district levies and special service areas that vary by subdivision throughout the village.
Property tax rates are not uniform across Lake Barrington. Homeowners in the 60084 ZIP code carry a median effective rate of 2.42%, while those in 60010 pay 2.03%. This spread — 0.39 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Lake County. Understanding which part of Lake Barrington you live in can make a meaningful difference to your annual tax bill.
Lake Barrington homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Lake Barrington, Lake County, Illinois
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Lake Barrington's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lake Barrington Tax Rate
2.04%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lake County Tax Rate
2.61%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lake Barrington, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60010 | 1.74% | 1.91% | 2.03% | 2.15% | 2.21% |
| 60084 | 2.25% | 2.31% | 2.42% | 2.45% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Lake Barrington, Lake County, Illinois
When examining property taxes in Lake Barrington, Illinois, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lake County assessor estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Lake County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of spring.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lake Barrington.
For example, the median home price in Lake Barrington is $395,046, with tax bills ranging significantly across the county. 60084 has the highest median home price at $498,190.
Property Tax Assessment Values Across Lake Barrington, Lake County, Illinois
Source: Ownwell
$153,792
$627,201
$1,100,609
Median Lake Barrington Market Value
$395,046
Median Lake County Market Value
$317,980
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lake Barrington, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60010 | $244,824 | $310,498 | $390,609 | $559,737 | $749,890 |
| 60084 | $393,073 | $433,912 | $498,190 | $561,517 | $609,929 |
Source: Ownwell
Property Tax Bills Across Lake Barrington, Lake County, Illinois
Property tax bills in Lake Barrington are based on the assessed value of a home and the local tax rate set by taxing authorities in Lake County. The assessed value is compared with the market value of the property, and that figure is used to calculate how much a homeowner owes each year. Factors such as home value, local budgets, and the mix of services funded by property taxes all play a role in the final bill.
For homeowners, this means that a higher assessed value can lead to a larger tax bill, even if the home has not changed much physically. In Lake Barrington, the median home price is $395,046, and tax bills can vary widely, with the 25th percentile at $5,987 and the 75th percentile at $11,982. That range shows how much property taxes can differ from one home to another, depending on assessed value and location within the city.
Median Lake Barrington Tax Bill
$7,998
Median Lake County Tax Bill
$8,402
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Lake Barrington, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60010 | $4,520 | $5,822 | $7,809 | $11,804 | $15,884 |
| 60084 | $9,223 | $10,017 | $11,727 | $13,670 | $14,958 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Lake Tax Assessor | |
| Website | tax.lakecountyil.gov |