Mettawa, Lake County, Illinois Property Taxes

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

Median Mettawa, IL effective property tax rate: 2.14%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Mettawa, IL home value: $609,034
Median annual Mettawa, IL tax bill: $12,601, $10,201 higher than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

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

Last Updated March 1, 2025

Mettawa, Lake County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.14%

Estimate Property Tax Bill

$13,033

$12,095

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

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Mettawa’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Mettawa, located in Lake County, is subject to a median property tax rate of 2.14%, which is significantly higher than the national median of 1.02%. This means homeowners in Mettawa pay substantially more in property taxes compared to the national average. The property tax rate in this area is among the highest in the state, reflecting the county's budgetary needs and the value of taxable properties. Understanding these rates can help homeowners make informed decisions about their property investments and potential tax savings opportunities.

Property Tax Rates Across Mettawa, 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 Mettawa Tax Rate

2.14%

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 Mettawa, Lake County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60045	2.03%	2.08%	2.14%	2.78%	3.01%
60048	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mettawa, Lake County, Illinois

When examining property taxes in Mettawa, 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 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 Mettawa.

For example, the median home price in Mettawa is $609,034, with tax bills ranging significantly across the county. The 60045 zip code has the highest median home price at $572,067.

Property Tax Assessment Values Across Mettawa, Lake County, Illinois

Source: Ownwell

$107,374

$523,101

$938,827

Median Mettawa Market Value

$609,034

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 Mettawa, Lake County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60045	$486,133	$528,730	$572,067	$972,391	$1,218,148
60048	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mettawa, Lake County, Illinois

In Mettawa, located in Lake County, IL, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. Homeowners in this area face a substantial tax burden, with the median property tax bill significantly exceeding the national median of $2,400. Specifically, the 25th percentile tax bill stands at $11,366, while the 75th percentile reaches $26,543, indicating a wide range of tax liabilities depending on property value. The highest median tax bill in the region is $12,406, reflecting the area's relatively high property values.

Factors influencing these tax bills include the assessed value of the property, which is determined by local assessors, and the specific tax rates set by local government entities. For homeowners, these tax bills can be a significant financial burden, potentially impacting their overall financial health. Ownwell offers valuable assistance by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax liabilities and save money. By leveraging expert knowledge and a deep understanding of local tax codes, Ownwell can help homeowners ensure they are not overpaying on their property taxes.

Property Tax Bills Across Mettawa, Lake County, Illinois

Source: Ownwell

$3,893

$12,727

$21,560

Median Mettawa Tax Bill

$12,601

Median Lake County Tax Bill

$7,861

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Mettawa, Lake County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60045	$10,428	$11,365	$12,406	$25,074	$36,140
60048	N/A	N/A	N/A	N/A	N/A

Source: Ownwell