Chicago suburbs  ·  2020–2024 Census data

Lakemoor Property Tax
Rate & Typical Bill

Homeowners in Lakemoor, McHenry County, pay about 2.66% of their home's value in property tax each year. The median bill is $7,103.

Lakemoor, IL

Effective rate
2.66%
Median tax bill
$7,103
Median home value
$265,500
Owner-occupied homes
1,617
Rank in McHenry County (1 = highest)
1 of 20

McHenry County average: 2.26%

Estimated Yearly Tax by Home Value

At Lakemoor's typical rate of 2.66%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$6,651
$350,000$9,311
$450,000$11,971
$600,000$15,961
$800,000$21,282

Can You Deduct It?

A family with a $265,500 home in Lakemoor pays about $7,063 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $13,003 — 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
VoloLake2.83%$9,583
Fox LakeLake2.25%$4,982
JohnsburgMcHenry2.01%$7,367
Island LakeMcHenry2.50%$6,500
Pistakee HighlandsMcHenry2.21%$4,542
McHenryMcHenry2.43%$6,456

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 Lakemoor, IL?

Homeowners in Lakemoor pay a typical effective property tax rate of 2.66% of home value per year. The median annual bill is $7,103 and the median home value is $265,500 (U.S. Census ACS 2020–2024).

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

About $10,641 per year at Lakemoor's typical rate of 2.66%. The homeowner exemption and other exemptions lower the actual bill.

Is property tax in Lakemoor higher than the McHenry County average?

Lakemoor's typical rate of 2.66% is higher than the McHenry County average of 2.26%.

Can I deduct property taxes paid in Lakemoor 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

We check whether you should itemize, claim every Illinois credit and file on time — in English, Russian or Ukrainian.