GOOD NEWS! The Village Portion of Your Property Taxes Is Going DOWN in 2019!
It's rare that you hear that your taxes will be going down, but the Village of Barrington is pleased to report that as promised, the Village portion of your property taxes will decrease in 2019 by 9.84% in Cook County and 12.76% in Lake County. This is due to the retirement of bonds issued in 2000 to build the Public Safety and Village Hall buildings.
This means that the owner of a $600,000 home in Barrington will see a projected decrease in property taxes paid to the Village of an estimated $95.63 in Cook County and of an estimated $145.50 in Lake County.The difference between the two counties is caused by the differing assessment practices of the two counties, with Cook County assessing residential properties at lower valuations than commercial and industrial properties, thereby lowering the tax burden for residential properties in Cook County.