Lake County, Illinois Property Taxes
Median Lake County effective property tax rate: 2.94%, significantly higher than the national median of 1.02%.
Median Lake County home value: $260,862
Median annual Lake County tax bill: $7,861, $5,461 higher than the national median property tax bill of $2,400.
How are property taxes in Lake County calculated?
Property taxes in Lake County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Waukegan or another part of Lake County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lake County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.94%
Estimate Property Tax Bill
$7,669
$7,117
Ownwell’s Lake County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake County with just two data points. By entering your property's estimated assessed value, our calculator applies Lake County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lake County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Lake County, Illinois
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lake County Tax Rate
2.94%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lake County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Antioch | 2.53% | 2.90% | 3.19% | 3.45% | 3.74% |
| Bannockburn | 2.23% | 2.28% | 2.34% | 2.40% | 2.44% |
| Barrington | 2.14% | 2.24% | 2.37% | 2.46% | 2.55% |
| Barrington Hills | 2.36% | 2.43% | 2.50% | 2.53% | 2.55% |
| Beach Park | 2.20% | 2.63% | 3.12% | 3.31% | 3.60% |
| Buffalo Grove | 2.89% | 3.02% | 3.14% | 3.27% | 3.32% |
| Cary | 2.22% | 2.44% | 2.56% | 2.65% | 2.71% |
| Deerfield | 2.71% | 2.85% | 2.96% | 3.05% | 3.10% |
| Deer Park | 2.11% | 2.16% | 2.25% | 2.33% | 2.35% |
| Fox Lake | 1.98% | 2.57% | 2.79% | 3.03% | 3.51% |
| Fox River Grove | 2.38% | 2.41% | 2.45% | 2.46% | 2.46% |
| Grayslake | 2.79% | 3.13% | 3.50% | 3.70% | 3.81% |
| Gurnee | 2.59% | 2.84% | 3.04% | 3.13% | 3.25% |
| Hainesville | 2.86% | 2.92% | 3.52% | 3.71% | 3.77% |
| Hawthorn Woods | 2.47% | 2.54% | 2.59% | 2.80% | 2.92% |
| Highland Park | 2.60% | 2.70% | 2.83% | 2.92% | 3.00% |
| Highwood | 2.43% | 2.60% | 2.69% | 2.90% | 2.90% |
| Indian Creek | 2.60% | 2.64% | 2.73% | 2.75% | 2.84% |
| Ingleside | 2.10% | 2.33% | 2.51% | 2.65% | 2.82% |
| Island Lake | 2.45% | 2.72% | 2.89% | 3.01% | 3.23% |
| Kildeer | 2.38% | 2.44% | 2.55% | 3.13% | 3.18% |
| Lake Barrington | 2.08% | 2.19% | 2.29% | 2.37% | 2.46% |
| Lake Bluff | 2.06% | 2.17% | 2.26% | 2.32% | 2.45% |
| Lake Forest | 1.84% | 1.89% | 1.94% | 1.98% | 2.01% |
| Lakemoor | 2.21% | 2.77% | 3.13% | 3.25% | 3.47% |
| Lake Villa | 2.47% | 2.82% | 3.17% | 3.43% | 3.66% |
| Lake Zurich | 2.24% | 2.36% | 2.45% | 2.50% | 2.58% |
| Libertyville | 2.33% | 2.45% | 2.54% | 2.63% | 2.85% |
| Lincolnshire | 2.64% | 2.77% | 2.86% | 2.93% | 3.02% |
| Lindenhurst | 3.07% | 3.28% | 3.57% | 4.13% | 4.25% |
| Long Grove | 2.92% | 3.01% | 3.09% | 3.15% | 3.23% |
| Mchenry | 2.00% | 2.55% | 2.71% | 2.85% | 3.00% |
| Mettawa | 2.03% | 2.09% | 2.14% | 2.66% | 3.01% |
| Mundelein | 2.53% | 2.84% | 3.10% | 3.30% | 3.41% |
| North Barrington | 2.21% | 2.28% | 2.33% | 2.56% | 2.70% |
| North Chicago | 2.76% | 3.55% | 3.97% | 4.57% | 4.71% |
| Old Mill Creek | 2.90% | 3.15% | 3.31% | 3.82% | 3.98% |
| Palatine | 2.10% | 2.25% | 2.34% | 2.40% | 2.45% |
| Park City | 2.82% | 3.07% | 3.28% | 3.36% | 3.50% |
| Port Barrington | 2.33% | 2.41% | 2.61% | 2.94% | 2.97% |
| Prairie View | 2.64% | 2.76% | 2.87% | 2.94% | 3.05% |
| Riverwoods | 2.37% | 2.63% | 2.71% | 2.82% | 2.96% |
| Round Lake | 2.60% | 3.01% | 3.23% | 3.73% | 4.00% |
| Round Lake Beach | 2.57% | 2.87% | 3.08% | 3.31% | 3.66% |
| Round Lake Heights | 2.52% | 2.76% | 3.04% | 3.11% | 3.17% |
| Round Lake Park | 2.62% | 2.97% | 3.20% | 3.53% | 3.60% |
| Spring Grove | 2.03% | 2.36% | 2.59% | 2.76% | 2.76% |
| Third Lake | 3.13% | 3.28% | 3.43% | 3.50% | 3.57% |
| Tower Lakes | 2.55% | 2.59% | 2.68% | 2.70% | 2.72% |
| Vernon Hills | 2.68% | 2.83% | 2.95% | 3.09% | 3.17% |
| Volo | 2.69% | 3.02% | 3.54% | 3.65% | 3.74% |
| Wadsworth | 2.69% | 2.99% | 3.26% | 3.69% | 3.89% |
| Wauconda | 2.61% | 2.96% | 3.25% | 3.45% | 3.64% |
| Waukegan | 2.27% | 2.68% | 2.89% | 3.26% | 3.26% |
| Winthrop Harbor | 2.60% | 3.07% | 3.27% | 3.41% | 3.65% |
| Zion | 2.92% | 3.73% | 4.03% | 4.46% | 4.76% |
| Green Oaks | N/A | N/A | N/A | N/A | N/A |
| Hawthorn Wds | N/A | N/A | N/A | N/A | N/A |
| Russell | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Lake County, Illinois
When examining property taxes in Lake County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lake County Assessment Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Lake County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lake County.
For example, the median tax bill in Lake County is $7,724, with tax bills ranging significantly across the county. Bannockburn has the highest median home price at $938,827.
Median Lake County Market Value
$260,862
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lake County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Antioch | $108,772 | $155,610 | $225,258 | $298,458 | $364,627 |
| Bannockburn | $468,916 | $656,445 | $938,827 | $1,298,572 | $1,723,945 |
| Barrington | $247,029 | $360,790 | $475,180 | $607,699 | $757,542 |
| Barrington Hills | $382,347 | $470,388 | $515,284 | $569,018 | $649,448 |
| Beach Park | $130,443 | $156,612 | $195,731 | $244,482 | $286,052 |
| Buffalo Grove | $209,314 | $267,182 | $366,581 | $450,994 | $561,231 |
| Cary | $120,621 | $181,889 | $280,159 | $483,614 | $650,561 |
| Deerfield | $206,952 | $302,794 | $451,257 | $595,514 | $819,821 |
| Deer Park | $389,161 | $460,699 | $539,577 | $619,028 | $718,939 |
| Fox Lake | $56,036 | $118,929 | $161,413 | $238,440 | $311,043 |
| Fox River Grove | $373,258 | $406,996 | $524,054 | $575,232 | $624,462 |
| Grayslake | $149,216 | $179,949 | $237,021 | $303,598 | $355,202 |
| Gurnee | $145,347 | $186,928 | $267,861 | $342,094 | $406,693 |
| Hainesville | $136,499 | $151,260 | $187,283 | $227,987 | $265,696 |
| Hawthorn Woods | $367,387 | $434,638 | $497,723 | $581,917 | $675,781 |
| Highland Park | $246,625 | $343,555 | $483,009 | $703,462 | $962,124 |
| Highwood | $177,532 | $235,660 | $295,246 | $426,584 | $610,664 |
| Indian Creek | $318,713 | $363,824 | $395,948 | $403,834 | $416,495 |
| Ingleside | $102,738 | $144,215 | $193,422 | $262,431 | $357,103 |
| Island Lake | $122,749 | $155,535 | $190,024 | $248,644 | $301,267 |
| Kildeer | $448,300 | $517,780 | $605,367 | $728,891 | $923,592 |
| Lake Barrington | $209,844 | $264,646 | $334,314 | $495,642 | $649,611 |
| Lake Bluff | $204,696 | $312,091 | $468,566 | $680,000 | $1,017,473 |
| Lake Forest | $407,784 | $580,405 | $758,576 | $1,116,698 | $1,626,252 |
| Lakemoor | $43,681 | $140,705 | $195,959 | $248,812 | $280,333 |
| Lake Villa | $119,805 | $167,698 | $229,676 | $300,924 | $370,534 |
| Lake Zurich | $209,882 | $265,787 | $334,425 | $413,408 | $500,999 |
| Libertyville | $235,911 | $337,378 | $446,381 | $569,970 | $764,016 |
| Lincolnshire | $258,971 | $336,816 | $465,013 | $578,104 | $734,522 |
| Lindenhurst | $156,156 | $193,676 | $227,843 | $286,030 | $349,062 |
| Long Grove | $460,683 | $533,191 | $628,165 | $756,092 | $916,659 |
| Mchenry | $110,185 | $173,290 | $221,755 | $296,901 | $361,676 |
| Mettawa | $488,902 | $533,132 | $609,034 | $1,027,525 | $1,233,768 |
| Mundelein | $157,374 | $190,459 | $245,742 | $344,797 | $430,314 |
| North Barrington | $338,721 | $458,312 | $599,673 | $787,630 | $944,404 |
| North Chicago | $69,957 | $86,473 | $107,356 | $130,976 | $159,953 |
| Old Mill Creek | $158,410 | $279,724 | $492,038 | $611,586 | $697,884 |
| Palatine | $220,566 | $259,073 | $323,171 | $408,632 | $485,531 |
| Park City | $128,527 | $142,828 | $160,180 | $186,464 | $237,399 |
| Port Barrington | $13,720 | $14,185 | $323,117 | $408,836 | $677,664 |
| Prairie View | $237,935 | $246,932 | $275,586 | $310,578 | $349,243 |
| Riverwoods | $441,226 | $545,613 | $647,989 | $832,976 | $1,033,928 |
| Round Lake | $108,482 | $156,435 | $200,634 | $264,603 | $306,054 |
| Round Lake Beach | $103,663 | $128,888 | $157,770 | $200,081 | $227,252 |
| Round Lake Heights | $107,425 | $134,357 | $198,419 | $225,697 | $253,318 |
| Round Lake Park | $86,760 | $104,212 | $132,031 | $175,232 | $204,038 |
| Spring Grove | $54,739 | $107,414 | $160,986 | $218,064 | $295,736 |
| Third Lake | $210,578 | $242,874 | $274,815 | $332,363 | $460,573 |
| Tower Lakes | $261,691 | $341,216 | $431,672 | $505,713 | $620,366 |
| Vernon Hills | $129,355 | $175,899 | $324,800 | $420,363 | $579,730 |
| Volo | $165,991 | $194,992 | $240,582 | $290,552 | $325,791 |
| Wadsworth | $155,812 | $205,310 | $283,154 | $364,571 | $471,588 |
| Wauconda | $131,488 | $173,926 | $232,484 | $324,727 | $379,329 |
| Waukegan | $94,490 | $120,821 | $148,754 | $186,282 | $233,528 |
| Winthrop Harbor | $119,422 | $150,355 | $198,606 | $248,874 | $285,144 |
| Zion | $93,219 | $113,434 | $142,491 | $190,444 | $227,912 |
| Green Oaks | N/A | N/A | N/A | N/A | N/A |
| Hawthorn Wds | N/A | N/A | N/A | N/A | N/A |
| Russell | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Lake County, Illinois
Median Lake County Tax Bill
$7,861
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Lake County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Antioch | $2,600 | $4,455 | $6,943 | $9,881 | $12,508 |
| Bannockburn | $10,984 | $14,695 | $21,560 | $30,024 | $40,539 |
| Barrington | $5,464 | $8,293 | $11,178 | $14,353 | $17,911 |
| Barrington Hills | $10,047 | $12,294 | $12,937 | $14,608 | $16,704 |
| Beach Park | $3,115 | $4,473 | $5,855 | $7,493 | $9,001 |
| Buffalo Grove | $6,142 | $8,370 | $11,525 | $14,158 | $17,655 |
| Cary | $2,441 | $4,305 | $6,979 | $12,471 | $17,238 |
| Deerfield | $5,413 | $8,647 | $13,249 | $17,721 | $24,554 |
| Deer Park | $8,691 | $10,187 | $12,210 | $13,866 | $16,089 |
| Fox Lake | $1,186 | $2,761 | $4,564 | $6,514 | $10,097 |
| Fox River Grove | $9,093 | $9,903 | $12,605 | $13,959 | $14,994 |
| Grayslake | $4,403 | $5,980 | $8,015 | $10,485 | $12,439 |
| Gurnee | $3,791 | $5,348 | $7,902 | $10,366 | $12,431 |
| Hainesville | $3,914 | $4,480 | $6,503 | $8,358 | $9,564 |
| Hawthorn Woods | $9,163 | $11,244 | $13,190 | $15,734 | $18,832 |
| Highland Park | $6,314 | $9,462 | $13,494 | $19,888 | $27,502 |
| Highwood | $4,107 | $6,114 | $7,962 | $11,664 | $16,426 |
| Indian Creek | $8,610 | $9,735 | $10,541 | $11,051 | $11,395 |
| Ingleside | $2,018 | $3,307 | $4,681 | $6,494 | $9,202 |
| Island Lake | $2,957 | $4,216 | $5,388 | $7,252 | $8,946 |
| Kildeer | $10,833 | $13,016 | $16,367 | $20,653 | $28,574 |
| Lake Barrington | $4,539 | $5,737 | $7,583 | $11,749 | $15,454 |
| Lake Bluff | $4,825 | $7,580 | $10,401 | $15,303 | $23,204 |
| Lake Forest | $7,666 | $11,073 | $15,103 | $22,033 | $31,891 |
| Lakemoor | $988 | $3,429 | $6,001 | $7,939 | $8,729 |
| Lake Villa | $2,873 | $4,488 | $7,046 | $9,928 | $12,726 |
| Lake Zurich | $4,795 | $6,241 | $8,126 | $10,185 | $12,635 |
| Libertyville | $5,569 | $8,305 | $11,429 | $14,966 | $19,922 |
| Lincolnshire | $6,588 | $9,204 | $13,139 | $16,828 | $21,161 |
| Lindenhurst | $5,395 | $6,478 | $8,145 | $10,946 | $13,372 |
| Long Grove | $13,691 | $16,102 | $19,376 | $23,560 | $28,466 |
| Mchenry | $1,999 | $4,246 | $5,489 | $7,792 | $9,618 |
| Mettawa | $10,440 | $11,366 | $12,601 | $26,543 | $36,271 |
| Mundelein | $4,574 | $5,838 | $7,550 | $10,462 | $12,860 |
| North Barrington | $7,455 | $10,403 | $14,839 | $19,655 | $23,594 |
| North Chicago | $1,807 | $3,014 | $4,137 | $5,307 | $6,589 |
| Old Mill Creek | $4,732 | $9,324 | $17,104 | $20,157 | $22,763 |
| Palatine | $4,839 | $5,867 | $7,327 | $9,539 | $11,449 |
| Park City | $3,850 | $4,623 | $5,207 | $6,089 | $7,952 |
| Port Barrington | $334 | $345 | $9,466 | $11,917 | $15,860 |
| Prairie View | $6,108 | $7,003 | $7,645 | $8,918 | $10,176 |
| Riverwoods | $11,724 | $14,454 | $17,376 | $22,290 | $28,441 |
| Round Lake | $2,790 | $4,749 | $6,589 | $8,827 | $11,231 |
| Round Lake Beach | $2,813 | $3,688 | $4,790 | $6,390 | $7,829 |
| Round Lake Heights | $2,824 | $3,567 | $5,760 | $6,922 | $7,847 |
| Round Lake Park | $2,382 | $3,178 | $4,160 | $5,673 | $6,884 |
| Spring Grove | $1,067 | $2,399 | $3,893 | $5,503 | $7,768 |
| Third Lake | $6,780 | $8,089 | $9,407 | $11,267 | $16,024 |
| Tower Lakes | $6,840 | $9,084 | $11,523 | $13,355 | $16,263 |
| Vernon Hills | $3,771 | $4,954 | $9,474 | $12,762 | $17,249 |
| Volo | $4,467 | $5,873 | $8,428 | $10,482 | $11,521 |
| Wadsworth | $5,159 | $6,513 | $9,329 | $11,887 | $15,723 |
| Wauconda | $3,667 | $5,312 | $7,406 | $10,522 | $12,503 |
| Waukegan | $2,194 | $3,209 | $4,212 | $5,471 | $7,083 |
| Winthrop Harbor | $3,310 | $4,493 | $6,144 | $8,011 | $9,540 |
| Zion | $2,974 | $4,331 | $5,703 | $7,463 | $9,050 |
| Green Oaks | N/A | N/A | N/A | N/A | N/A |
| Hawthorn Wds | N/A | N/A | N/A | N/A | N/A |
| Russell | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
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