Oakwood Hills, Mchenry County, Illinois Property Taxes
Property Taxes in Oakwood Hills, Illinois
Median Oakwood Hills, Illinois effective property tax rate: 2.58%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Oakwood Hills, Illinois home value: $271,626
Median annual Oakwood Hills, Illinois tax bill: $6,902, higher than the national median property tax bill of $2,400.
How are property taxes in McHenry calculated?
Property taxes in Oakwood Hills, 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 Oakwood Hills's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oakwood Hills, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Oakwood Hills, Mchenry County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.58%
Estimate Property Tax Bill
$7,008
$6,503
How Does the Oakwood Hills Property Tax Calculator Work?
Use this Oakwood Hills property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Oakwood Hills' median effective tax rate of 2.58% — based on actual property records in McHenry County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Oakwood Hills' median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Oakwood Hills' median effective tax rate is higher than the Illinois median tax rate of 2.33%, and the median property tax bill is $6,902, which is $4,502 higher than the state median property tax bill.
Your bill may vary by ZIP code within Oakwood Hills: rates range from 2.58% in 60013 to 2.58% in 60013, 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 Oakwood Hills.
About Oakwood Hills Property Taxes
About Property Taxes in Oakwood Hills, McHenry, Illinois
Oakwood Hills’s median effective property tax rate of 2.58% 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 Oakwood Hills. Homeowners in ZIP code 60013 carry a median effective rate of 2.58%, while those in 60013 pay 2.58%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across McHenry County. Understanding which part of Oakwood Hills you live in can make a meaningful difference to your annual tax bill.
Oakwood Hills 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 Oakwood Hills, 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 Oakwood Hills'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 Oakwood Hills Tax Rate
2.58%
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 Oakwood Hills, Mchenry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60013 | 2.26% | 2.47% | 2.58% | 2.64% | 2.84% |
Source: Ownwell
Property Tax Assessment Values Across Oakwood Hills, Mchenry County, Illinois
When examining property taxes in Oakwood Hills, 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 the season.
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 Oakwood Hills.
For example, the median home price in Oakwood Hills is $271,626, with tax bills ranging significantly across the county. 60013 has the highest median home price at $271,626.
Property Tax Assessment Values Across Oakwood Hills, Mchenry County, Illinois
Source: Ownwell
$167,403
$458,643
$749,883
Median Oakwood Hills Market Value
$271,626
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 Oakwood Hills, Mchenry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60013 | $183,614 | $239,712 | $271,626 | $338,193 | $488,996 |
Source: Ownwell
Property Tax Bills Across Oakwood Hills, Mchenry County, Illinois
Property tax bills in Oakwood Hills are calculated by applying the local tax rate to a home’s assessed value, then adjusting for exemptions and the taxing districts that fund schools, roads, and other services. The assessed value is based on the market value of the property, so a higher-value home generally leads to a larger bill. In McHenry County, the median home price is $271,626, and the median property tax bill is $6,902, which is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
For many homeowners, that means property taxes can be a major part of annual housing costs. Bills in Oakwood Hills also vary widely: the 25th percentile is $5,763, while the 75th percentile reaches $8,696, and the 90th percentile climbs to $12,959. These differences show how home value, location, and local taxing authorities can significantly affect what a homeowner pays each year.
Property Tax Bills Across Oakwood Hills, Mchenry County, Illinois
Source: Ownwell
$3,967
$10,749
$17,531
Median Oakwood Hills Tax Bill
$6,902
Median Mchenry County Tax Bill
$7,056
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Oakwood Hills, Mchenry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60013 | $4,159 | $5,763 | $6,902 | $8,696 | $12,959 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| McHenry Tax Assessor | |
| Website | mchenryil.devnetwedge.com |