Chicago suburbs  ·  2020–2024 Census data

Wonder Lake Property Tax
Rate & Typical Bill

Homeowners in Wonder Lake, McHenry County, pay about 2.44% of their home's value in property tax each year. The median bill is $6,129.

Wonder Lake, IL

Effective rate
2.44%
Median tax bill
$6,129
Median home value
$252,200
Owner-occupied homes
1,632
Rank in McHenry County (1 = highest)
7 of 20

McHenry County average: 2.26%

Estimated Yearly Tax by Home Value

At Wonder Lake's typical rate of 2.44%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$6,100
$350,000$8,539
$450,000$10,979
$600,000$14,639
$800,000$19,518

Can You Deduct It?

A family with a $252,200 home in Wonder Lake pays about $6,153 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $12,093 — 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
McHenryMcHenry2.43%$6,456
JohnsburgMcHenry2.01%$7,367
RichmondMcHenry2.25%$5,848
WoodstockMcHenry2.52%$6,482
Pistakee HighlandsMcHenry2.21%$4,542
Spring GroveMcHenry2.19%$9,642

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 Wonder Lake, IL?

Homeowners in Wonder Lake pay a typical effective property tax rate of 2.44% of home value per year. The median annual bill is $6,129 and the median home value is $252,200 (U.S. Census ACS 2020–2024).

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

About $9,759 per year at Wonder Lake's typical rate of 2.44%. The homeowner exemption and other exemptions lower the actual bill.

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

Wonder Lake's typical rate of 2.44% is higher than the McHenry County average of 2.26%.

Can I deduct property taxes paid in Wonder Lake 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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