Ingleside, Lake County, Illinois Property Taxes
Median Ingleside, IL effective property tax rate: 2.51%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Ingleside, IL home value: $193,422
Median annual Ingleside, IL tax bill: $4,681, $2,281 higher than the national median property tax bill of $2,400.
How are property taxes in Lake calculated?
Property taxes in Ingleside, IL 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 Ingleside’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ingleside, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ingleside, Lake County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.51%
Estimate Property Tax Bill
$4,855
$4,505
Property Tax Rates Across Ingleside, Lake County, Illinois
Local government entities set tax rates, which can vary widely within a state. This is because each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
Ingleside in Lake County, Illinois, exemplifies this process. The effective property tax rate here can be compared to other cities in Illinois and the median property tax rates in Illinois and the U.S. With a median property tax rate of 2.51%, Ingleside’s rate is notably higher than the national median property tax rate of 1.02%. This means residents in Ingleside are likely to pay more in property taxes compared to the national average. Understanding these differences is crucial for property owners considering an appeal or seeking exemptions to manage their tax liabilities effectively.
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 Ingleside Tax Rate
2.51%
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%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ingleside, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60041 | 2.10% | 2.33% | 2.51% | 2.65% | 2.82% |
Source: Ownwell
Property Tax Assessment Values Across Ingleside, Lake County, Illinois
When examining property taxes in Ingleside, Illinois, 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 Assessor's 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.
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 Ingleside. For example, the median home price in Ingleside is $193,422, with tax bills ranging significantly across the county. Zip code 60041 has the highest median home price at $193,422.
Property Tax Assessment Values Across Ingleside, Lake County, Illinois
Source: Ownwell
$107,374
$523,101
$938,827
Median Ingleside Market Value
$193,422
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 Ingleside, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60041 | $102,738 | $144,215 | $193,422 | $262,431 | $357,103 |
Source: Ownwell
Property Tax Bills Across Ingleside, Lake County, Illinois
In Ingleside, located in Lake County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Ingleside face a median property tax bill of $4,681, significantly higher than the national median of $2,400. Factors such as local government budgets, school funding needs, and public services contribute to the tax rate, impacting the final bill for homeowners.
High property taxes can be a financial burden, but there are ways to alleviate this. Ownwell offers services to help homeowners in Ingleside appeal their assessed values and explore potential exemptions. By leveraging local knowledge and expertise, Ownwell can identify discrepancies or overvaluations in assessments, potentially leading to reduced tax bills. This assistance can provide significant savings, making property ownership more affordable and less stressful for residents of Ingleside.
Median Ingleside Tax Bill
$4,681
Median Lake County Tax Bill
$7,861
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Ingleside, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60041 | $2,018 | $3,307 | $4,681 | $6,494 | $9,202 |
Source: Ownwell