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A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents. [1]
HOA fees can be deducted as an operating expense on Schedule E when you file your taxes. For rental properties, there are two scenarios in which you can claim an HOA deduction from your taxes ...
The village is also situated on the shores of Lake Barrington, which was previously called Indian Lake, located at [ 4 ] According to the 2010 census, Lake Barrington has a total area of 6.167 square miles (15.97 km 2 ), of which 5.86 square miles (15.18 km 2 ) (or 95.02%) is land and 0.307 square miles (0.80 km 2 ) (or 4.98%) is water.
The average household size was 2.89 and the average family size was 3.12. The township's age distribution consisted of 26.9% under the age of 18, 4.3% from 18 to 24, 16.1% from 25 to 44, 32.6% from 45 to 64, and 20.1% who were 65 years of age or older. The median age was 46.8 years. For every 100 females, there were 88.1 males.
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Barrington is a village in Cook and Lake counties in the U.S. state of Illinois. The population was 10,722 at the 2020 census. [3] A northwest suburb of Chicago, the area features wetlands, forest preserves, parks, and horse trails in a country-suburban setting. Barrington is part of the Chicago metropolitan area.
Barrington Hills is a village located about 40 miles (64 km) northwest of Chicago in the U.S. state of Illinois. Per the 2020 census, the population was 4,114. [3] It straddles approximately 29 square miles (75 km 2) over four counties, Cook, Kane, Lake, and McHenry. The Village of Barrington Hills was incorporated in 1957.
The average household size was 2.91 and the average family size was 3.10. In the village, the population was spread out, with 28.6% under the age of 18, 3.8% from 18 to 24, 22.1% from 25 to 44, 36.6% from 45 to 64, and 8.8% who were 65 years of age or older. The median age was 43 years. For every 100 females, there were 99.5 males.