Chicago suburbs  ·  2020–2024 Census data

Lake in the Hills Property Tax
Rate & Typical Bill

Homeowners in Lake in the Hills, McHenry County, pay about 2.26% of their home's value in property tax each year. The median bill is $7,430.

Lake in the Hills, IL

Effective rate
2.26%
Median tax bill
$7,430
Median home value
$321,900
Owner-occupied homes
8,180
Rank in McHenry County (1 = highest)
12 of 20

McHenry County average: 2.26%

Estimated Yearly Tax by Home Value

At Lake in the Hills's typical rate of 2.26%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$5,662
$350,000$7,927
$450,000$10,192
$600,000$13,589
$800,000$18,119

Can You Deduct It?

A family with a $321,900 home in Lake in the Hills pays about $7,290 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $13,230 — 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
AlgonquinMcHenry2.24%$8,025
CaryMcHenry2.60%$8,089
CarpentersvilleKane2.07%$5,270
Crystal LakeMcHenry2.42%$7,720
Fox River GroveMcHenry2.27%$7,991
Barrington HillsCook1.43%$10,000+

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 in the Hills, IL?

Homeowners in Lake in the Hills pay a typical effective property tax rate of 2.26% of home value per year. The median annual bill is $7,430 and the median home value is $321,900 (U.S. Census ACS 2020–2024).

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

About $9,059 per year at Lake in the Hills's typical rate of 2.26%. The homeowner exemption and other exemptions lower the actual bill.

Is property tax in Lake in the Hills higher than the McHenry County average?

Lake in the Hills's typical rate of 2.26% is about the same as the McHenry County average of 2.26%.

Can I deduct property taxes paid in Lake in the Hills 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.

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