North Barrington, Lake County, Illinois Property Taxes
Property Taxes in North Barrington, Illinois
Median North Barrington, Illinois effective property tax rate: 2.18%, significantly lower than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median North Barrington, Illinois home value: $697,774
Median annual North Barrington, Illinois tax bill: $16,416, higher than the national median property tax bill of $2,400.
How are property taxes in Lake calculated?
Property taxes in North 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 North Barrington's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in North Barrington, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
North Barrington, Lake County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.18%
Estimate Property Tax Bill
$15,211
$14,116
How Does the North Barrington Property Tax Calculator Work?
Use this North Barrington property tax calculator to estimate your annual property tax bill. Enter your property’s assessed value and our calculator applies North Barrington’s median effective tax rate of 2.18% — based on actual property records in Lake County — to generate your estimate.
Enter your property’s estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home’s market value. Our calculator applies North 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 North Barrington: rates range from 2.18% in 60010 to 2.18% in 60010, 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 North Barrington.
About North Barrington Property Taxes
About Property Taxes in North Barrington, Lake, Illinois
North Barrington’s median effective property tax rate of 2.18% 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 levy combined with local school district levies and special service areas that can vary by subdivision throughout the village.
Property tax rates are not uniform across North Barrington. Homeowners in the 60010 ZIP code carry a median effective rate of 2.18%, and the same ZIP code also reflects the village’s median tax bill of $16,416. This consistency still highlights how local school district boundaries and assessment districts shape what homeowners pay.
North Barrington homeowners who believe their assessed value is too high can file a formal appeal with the Lake County Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill 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 North 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 North 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 North Barrington Tax Rate
2.18%
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 North Barrington, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60010 | 2.01% | 2.12% | 2.18% | 2.35% | 2.60% |
Source: Ownwell
Property Tax Assessment Values Across North Barrington, Lake County, Illinois
When examining property taxes in North 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 assessment office 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 May.
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 North Barrington.
For example, the median home price in North Barrington is $697,774, with tax bills ranging significantly across the county. 60010 has the highest median home price at $697,774.
Property Tax Assessment Values Across North Barrington, Lake County, Illinois
Source: Ownwell
$153,792
$627,201
$1,100,609
Median North Barrington Market Value
$697,774
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 North Barrington, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60010 | $381,022 | $510,237 | $697,774 | $943,943 | $1,196,087 |
Source: Ownwell
Property Tax Bills Across North Barrington, Lake County, Illinois
Property tax bills in North Barrington are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value is then adjusted through the county’s tax system, and the final bill reflects the share of local government, school, and public service costs assigned to the homeowner.
With a median home price of $697,774, property taxes can be a major expense for many households. The median tax bill in the area is $16,416, while bills can range from $11,016 at the 25th percentile to $22,192 at the 75th percentile, with the 90th percentile reaching $27,041. That is far above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
For homeowners, this means property taxes can significantly affect monthly housing costs and long-term affordability.
Property Tax Bills Across North Barrington, Lake County, Illinois
Source: Ownwell
$4,033
$14,221
$24,409
Median North Barrington Tax Bill
$16,416
Median Lake County Tax Bill
$8,402
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across North Barrington, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60010 | $7,979 | $11,016 | $16,416 | $22,192 | $27,041 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Lake Tax Assessor | |
| Website | tax.lakecountyil.gov |