Mccullom Lake, Mchenry County, Illinois Property Taxes
Property Taxes in Mccullom Lake, Illinois
Median McCullom Lake, Illinois effective property tax rate: 2.43%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median McCullom Lake, Illinois home value: $167,403
Median annual McCullom Lake, Illinois tax bill: $3,967, $1,567 higher than the national median property tax bill of $2,400.
How are property taxes in McHenry County calculated?
Property taxes in McCullom Lake, 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 McCullom Lake's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in McCullom Lake, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Mccullom Lake, Mchenry County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.43%
Estimate Property Tax Bill
$4,068
$3,775
How Does the McCullom Lake Property Tax Calculator Work?
Use this McCullom Lake property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies McCullom Lake's median effective tax rate of 2.43% — based on actual property records in McHenry 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 McCullom Lake'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 McCullom Lake: rates are 2.43% in 60050, 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 McCullom Lake.
About Mccullom Lake Property Taxes
About Property Taxes in Mccullom Lake, McHenry, Illinois
Mccullom Lake's median effective property tax rate of 2.43% 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 Mccullom Lake. Homeowners in the 60050 ZIP code carry a median effective rate of 2.43%, while those in 60050 pay 2.43%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across McHenry County. Understanding which part of Mccullom Lake you live in can make a meaningful difference to your annual tax bill.
Mccullom Lake 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 Mccullom Lake, 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 McCullom Lake'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 Ă· 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 Mccullom Lake Tax Rate
2.43%
Our median effective property tax rate (tax bill Ă· 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 Mccullom Lake, Mchenry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60050 | 1.79% | 2.28% | 2.43% | 2.76% | 2.76% |
Source: Ownwell
Property Tax Assessment Values Across Mccullom Lake, Mchenry County, Illinois
When examining property taxes in Mccullom Lake, 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. McHenry County 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 are sent in the spring each year and typically reach your mailbox by the middle of the month. Each property owner receives a notice that contains both the market value and assessed value, along with an estimate of your property tax bill.
For example, the median home price in Mccullom Lake is $167,403, with a median tax bill of $3,967. The highest median home price in the area is in 60050, also at $167,403.
Property Tax Assessment Values Across Mccullom Lake, Mchenry County, Illinois
Source: Ownwell
$167,403
$458,643
$749,883
Median Mccullom Lake Market Value
$167,403
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 Mccullom Lake, Mchenry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60050 | $117,488 | $142,192 | $167,403 | $210,708 | $252,523 |
Source: Ownwell
Property Tax Bills Across Mccullom Lake, Mchenry County, Illinois
Property tax bills in McCullom Lake are based on the assessed value of a home, not its market price alone. Local tax rates are applied to that assessment to determine what a homeowner owes, and the final bill can also reflect exemptions and other local taxing authorities. For many homeowners, this means the amount due can change even when the home itself has not.
In McCullom Lake, the median home price is $167,403, while the median property tax bill is $3,967 in ZIP code 60050. That is above the national median property tax bill of $2,400 and reflects how property taxes can weigh more heavily on homeowners in higher-tax areas. Bills in the area also vary widely, with the 25th percentile at $3,275, the 75th percentile at $4,898, and the 90th percentile at $6,127.
Property Tax Bills Across Mccullom Lake, Mchenry County, Illinois
Source: Ownwell
$3,967
$10,749
$17,531
Median Mccullom Lake Tax Bill
$3,967
Median Mchenry County Tax Bill
$7,056
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Mccullom Lake, Mchenry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60050 | $2,321 | $3,275 | $3,967 | $4,898 | $6,127 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| McHenry Tax Assessor | |
| Website | mchenryil.devnetwedge.com |