Chicago suburbs  ·  2020–2024 Census data

Lake Barrington Property Tax
Rate & Typical Bill

Homeowners in Lake Barrington, Lake County, pay about 2.01% of their home's value in property tax each year. The median bill is $9,110.

Lake Barrington, IL

Effective rate
2.01%
Median tax bill
$9,110
Median home value
$475,700
Owner-occupied homes
2,121
Rank in Lake County (1 = highest)
36 of 47

Lake County average: 2.26%

Estimated Yearly Tax by Home Value

At Lake Barrington's typical rate of 2.01%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$5,036
$350,000$7,050
$450,000$9,064
$600,000$12,086
$800,000$16,114

Can You Deduct It?

A family with a $475,700 home in Lake Barrington pays about $9,582 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $15,522 — under the $40,400 cap. That alone does not beat the $32,200 standard deduction for married couples; mortgage interest and charity decide the rest.

Run your own numbers

Compare Nearby Towns

TownCountyRateMedian bill
North BarringtonLake2.11%$10,000+
Fox River GroveMcHenry2.27%$7,991
Port BarringtonLake2.23%$9,085
CaryMcHenry2.60%$8,089
Lake ZurichLake2.09%$9,217
Oakwood HillsMcHenry1.90%$6,920

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates. Unofficial estimate, not a tax bill. Updated 2026-10-08.

Property Tax FAQ

What is the property tax rate in Lake Barrington, IL?

Homeowners in Lake Barrington pay a typical effective property tax rate of 2.01% of home value per year. The median annual bill is $9,110 and the median home value is $475,700 (U.S. Census ACS 2020–2024).

How much is property tax on a $400,000 home in Lake Barrington?

About $8,057 per year at Lake Barrington's typical rate of 2.01%. The homeowner exemption and other exemptions lower the actual bill.

Is property tax in Lake Barrington higher than the Lake County average?

Lake Barrington's typical rate of 2.01% is lower than the Lake County average of 2.26%.

Can I deduct property taxes paid in Lake Barrington on my 2026 federal return?

Yes, if you itemize. For 2026, property tax plus Illinois income tax count toward the SALT deduction, capped at $40,400 ($20,200 if married filing separately) and reduced above $505,000 of income. Itemizing helps only if your total deductions beat the standard deduction: $32,200 married filing jointly, $16,100 single, $24,150 head of household.

Let a CPA Run Your Numbers

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