Bull Valley, Mchenry County, Illinois Property Taxes
Property Taxes in Bull Valley, Illinois
Median Bull Valley, Illinois effective property tax rate: 2.63%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Bull Valley, Illinois home value: $512,490
Median annual Bull Valley, Illinois tax bill: $13,315, $10,915 higher than the national median property tax bill of $2,400.
How are property taxes in McHenry calculated?
Property taxes in Bull Valley, 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 Bull Valley's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bull Valley, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Bull Valley, Mchenry County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.63%
Estimate Property Tax Bill
$13,478
$12,508
How Does the Bull Valley Property Tax Calculator Work?
Use this Bull Valley property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Bull Valley's median effective tax rate of 2.63% — based on actual property records in McHenry 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 Bull Valley'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 Bull Valley: rates range from $12,125.00 in 60097 to $13,729.00 in 60098, 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 Bull Valley.
About Bull Valley Property Taxes
About Property Taxes in Bull Valley, McHenry, Illinois
Bull Valley’s median effective property tax rate of 2.63% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the McHenry County base levy combined with local school district levies and special service areas that vary by subdivision throughout the city.
Property tax rates are not uniform across Bull Valley. Homeowners in the 60050 ZIP code carry a median effective rate of 2.70%, while those in 60098 pay 2.62%. This spread — 0.08 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across McHenry County. Understanding which part of Bull Valley you live in can make a meaningful difference to your annual tax bill.
Bull Valley 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 Bull Valley, Mchenry 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 Bull Valley'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 Bull Valley Tax Rate
2.63%
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 Mchenry County Tax Rate
2.42%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bull Valley, Mchenry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60050 | 2.52% | 2.58% | 2.70% | 2.72% | 2.76% |
| 60097 | 2.44% | 2.50% | 2.62% | 2.64% | 2.66% |
| 60098 | 2.41% | 2.52% | 2.62% | 2.69% | 2.78% |
| 60012 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Bull Valley, Mchenry County, Illinois
When examining property taxes in Bull Valley, 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 McHenry 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 McHenry 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 Bull Valley.
For example, the median home price in Bull Valley is $512,490, with tax bills ranging significantly across the county. 60098 has the highest median home price at $533,121.
Property Tax Assessment Values Across Bull Valley, Mchenry County, Illinois
Source: Ownwell
$167,403
$458,643
$749,883
Median Bull Valley Market Value
$512,490
Median Mchenry County Market Value
$297,576
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bull Valley, Mchenry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60050 | $310,296 | $462,712 | $510,795 | $559,592 | $663,444 |
| 60097 | $423,116 | $457,466 | $474,141 | $500,425 | $577,601 |
| 60098 | $379,028 | $442,562 | $533,121 | $655,990 | $864,200 |
| 60012 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Bull Valley, Mchenry County, Illinois
Property tax bills in Bull Valley are based on the assessed value of a home, not its market price alone. Local taxing authorities set tax rates, and the final bill is calculated by applying those rates to the assessed value after any exemptions or adjustments. In McHenry County, homeowners can see bills vary widely because tax burdens depend on both property value and local levies.
Bull Valley homeowners face a median tax bill of $13,729 in ZIP code 60098 and $12,125 in ZIP code 60097. That is far above the national median property tax bill of $2,400, showing how much higher property taxes can be in this area. With a median home price of $512,490, even small changes in assessment or tax rates can have a noticeable impact on what homeowners owe each year.
Median Bull Valley Tax Bill
$13,315
Median Mchenry County Tax Bill
$7,056
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Bull Valley, Mchenry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60050 | $7,413 | $11,847 | $13,305 | $15,221 | $18,115 |
| 60097 | $9,787 | $11,448 | $12,125 | $13,145 | $14,592 |
| 60098 | $8,470 | $11,173 | $13,729 | $17,744 | $24,179 |
| 60012 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| McHenry Tax Assessor | |
| Website | mchenryil.devnetwedge.com |