Kildeer, Lake County, Illinois Property Taxes

Name: Property Tax Bills Across Kildeer, Lake County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Kildeer, IL effective property tax rate: 2.55%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Kildeer, IL home value: $605,367
Median annual Kildeer, IL tax bill: $16,367, $13,967 higher than the national median property tax bill of $2,400.

How are property taxes in Lake calculated?

Property taxes in Kildeer, 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 Kildeer’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Kildeer, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Kildeer, Lake County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.55%

Estimate Property Tax Bill

$15,437

$14,325

Ownwell’s Kildeer Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kildeer with just two data points. By entering your property's estimated assessed value, our calculator applies Kildeer’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 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 Kildeer, Lake County, Illinois

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties estimate the budget needed to deliver services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although there are votes and laws that influence the setting of tax rates and budgets, this is essentially the annual process.

In Kildeer, located in Lake County, the effective property tax rate is 2.55%, which is considerably higher than the national median of 1.02%. This rate is also the highest and lowest within the area, as it remains consistent across the 60047 ZIP code. When compared to the median property tax rates in Illinois and across the U.S., Kildeer's rate stands out as significantly above average.

Understanding these rates is crucial for property owners seeking to manage their expenses effectively. By comparing Kildeer's property tax rate to those of other cities in Illinois and the national median, property owners can make informed decisions about their investments and potential savings through tax appeals or exemptions.

Property Tax Rates Across Kildeer, Lake County, Illinois

Source: Ownwell

1.94%

2.99%

4.03%

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 Kildeer Tax Rate

2.55%

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 Kildeer, Lake County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60047	2.38%	2.44%	2.55%	3.13%	3.18%
60010	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Kildeer, Lake County, Illinois

When examining property taxes in Kildeer, IL, 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 Appraisal District 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 May. 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 Kildeer. For example, the median home price in Kildeer is $605,367, with tax bills ranging significantly across the county. 60047 has the highest median home price at $605,192.

Property Tax Assessment Values Across Kildeer, Lake County, Illinois

Source: Ownwell

$107,374

$523,101

$938,827

Median Kildeer Market Value

$605,367

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 Kildeer, Lake County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60047	$448,289	$517,762	$605,192	$729,094	$923,631
60010	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Kildeer, Lake County, Illinois

In Kildeer, 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. Factors such as market conditions, property improvements, and local government budgets can influence these assessments. In Kildeer, the median tax bill is notably high, with amounts ranging from $13,016 at the 25th percentile to $28,574 at the 90th percentile, reflecting the area's high property values. This is significantly above the national median property tax bill of $2,400. Such high property taxes can place a substantial financial burden on homeowners, affecting affordability and long-term financial planning. Ownwell offers valuable assistance by providing property tax appeal services, helping homeowners potentially reduce their tax liabilities. By leveraging expertise in local property tax laws and market trends, Ownwell can identify opportunities for reassessment, ensuring homeowners pay only their fair share.

Property Tax Bills Across Kildeer, Lake County, Illinois

Source: Ownwell

$3,893

$12,727

$21,560

Median Kildeer Tax Bill

$16,367

Median Lake County Tax Bill

$7,861

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Kildeer, Lake County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60047	$10,832	$13,015	$16,370	$20,653	$28,576
60010	N/A	N/A	N/A	N/A	N/A

Source: Ownwell