What is the property tax rate in McHenry County?

2.87%
Illinois Property Tax Rates

County Median Home Value Average Effective Property Tax Rate
McHenry County $219,600 2.87%
McLean County $166,700 2.29%
Macon County $96,800 2.22%
Macoupin County $99,600 1.64%

How much is the senior exemption in McHenry County?

$5,000.00
The Senior Citizens Real Estate Tax Deferral Program provides tax relief for qualified senior citizens by allowing them to defer up to $5,000.00 of their property tax.

Who qualifies for homeowners exemption in Illinois?

Taxpayers whose primary residence is a single-family home, townhouse, condominium, co-op or apartment building (up to six units) are eligible. First-time applicants must have been the occupants of the property as of January 1 of the tax year in question.

Does Illinois have a property tax exemption for seniors?

The current 2021 tax year exemption applications are now available! Most senior homeowners are eligible for this exemption if they are 65 years of age or older (born in 1956 or prior) and own and occupy their property as their principal place of residence.

Where are the cheapest property taxes in Illinois?

The tax rate in Illinois is 2.16%, but here are some areas that have a slightly lower tax rate than the state average:

  • Alexander County.
  • Crawford County.
  • Gallatin County.
  • Hardin County.
  • Jasper County.
  • Perry County.
  • Pulaski County.
  • Macoupin County.

What is the Homestead Act in Illinois?

Homestead protection laws are designed to prevent homeowners from becoming homeless as a result of economic hardship. Under certain conditions, these laws allow individuals to register a parcel of real property as a “homestead,” and thus off limits to certain creditors.

How do I appeal my property taxes in McHenry County Il?

If you still disagree, you have the right to file an appeal with the McHenry County Board of Review within 30 days of the publishing date of your township. The filing deadline date is located in the lower left-hand side of your assessment notice, along with the county and assessor’s websites.

Why are property taxes so high in Illinois?

The city’s eight pension funds have accumulated nearly $45 billion in debt, more debt than 44 U.S. states. Local governments across Illinois have pension debt worth $63 billion that causes property taxes to rise each year.