Ringwood, Mchenry County, Illinois Property Taxes
Property Taxes in Ringwood, Illinois
Median Ringwood, Illinois effective property tax rate: 2.17%, significantly higher than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Ringwood, Illinois home value: $412,596
Median annual Ringwood, Illinois tax bill: $8,620, $6,220 higher than the national median property tax bill of $2,400.
How are property taxes in McHenry calculated?
Property taxes in Ringwood, 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 Ringwood's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ringwood, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Ringwood, Mchenry County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.17%
Estimate Property Tax Bill
$8,953
$8,308
How Does the Ringwood Property Tax Calculator Work?
Use this Ringwood property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Ringwood's median effective tax rate of 2.17% — 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 Ringwood'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 Ringwood: rates range from 2.17% in 60072 to 2.17% in 60072, 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 Ringwood.
About Ringwood Property Taxes
About Property Taxes in Ringwood, McHenry, Illinois
Ringwood’s median effective property tax rate of 2.17% is lower 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 (SSAs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Ringwood. Homeowners in the 60072 ZIP code carry a median effective rate of 2.17%, while those in the lowest ZIP also pay 2.17%. This spread is 0 percentage points across the same city, reflecting how school district boundaries and local assessment districts are drawn across McHenry County. Understanding where you live in Ringwood can make a meaningful difference to your annual tax bill.
Ringwood homeowners who believe their assessed value is too high can file a formal appeal with the 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 Ringwood, 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 Ringwood'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 Ringwood Tax Rate
2.17%
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 Ringwood, Mchenry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60072 | 1.94% | 2.06% | 2.17% | 2.21% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Ringwood, Mchenry County, Illinois
When examining property taxes in Ringwood, 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 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 McHenry County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Ringwood.
For example, the median home price in Ringwood is $412,596, with tax bills ranging significantly across the county. 60072 has the highest median home price at $412,596.
Property Tax Assessment Values Across Ringwood, Mchenry County, Illinois
Source: Ownwell
$167,403
$458,643
$749,883
Median Ringwood Market Value
$412,596
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 Ringwood, Mchenry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60072 | $233,827 | $330,699 | $412,596 | $479,151 | $581,752 |
Source: Ownwell
Property Tax Bills Across Ringwood, Mchenry County, Illinois
Property tax bills in Ringwood are calculated by applying local tax rates to a home’s assessed value, which is based on the market value of the property. For homeowners, the assessed value is the starting point for determining how much tax is owed each year. Local taxing authorities then use that value to fund services such as schools, roads, and public safety.
In Ringwood, where the median home price is $412,596, property tax bills are notably high compared with the national median property tax bill of $2,400. The 25th percentile tax bill is $6,281, the 75th percentile is $10,223, and the 90th percentile reaches $12,334. The median tax bill in ZIP code 60072 is $8,620.
Because taxes are tied to assessed value and local rates, homeowners with similar homes can still see different bills. A higher assessment or a change in local levies can increase the bill, making property taxes a major ongoing cost for Ringwood homeowners.
Median Ringwood Tax Bill
$8,620
Median Mchenry County Tax Bill
$7,056
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Ringwood, Mchenry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60072 | $4,263 | $6,281 | $8,620 | $10,223 | $12,334 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| McHenry Tax Assessor | |
| Website | mchenryil.devnetwedge.com |