Property taxes in Lake County, Illinois
Homes in Lake County pay about 2.58% of their value in property taxes each year, or about $10,071 on a home at the local median sale price of $390,331. That’s higher than the typical county in Illinois (1.81%).
Effective rate2.58%Of home value per year
Rank in Illinois#1 of 1021 = highest rate
Tax at the median sale price$10,071On $390,331
Estimated yearly and monthly tax by home price
| Home price | Per year | Per month |
|---|---|---|
| $250,000 | $6,450 | $538 |
| $400,000 | $10,320 | $860 |
| $600,000 | $15,480 | $1,290 |
| $800,000 | $20,640 | $1,720 |
| $1,000,000 | $25,800 | $2,150 |
How accurate is a county rate?
This is a county average: the median tax bill divided by the median home value. Your bill depends on the home’s assessed value, the town and school district, and any exemptions you qualify for. Ask for the home’s current tax bill before you make an offer.
Questions
What is the property tax rate in Lake County, Illinois?
About 2.58% of a home’s value per year, based on U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.
How much is property tax on a $400,000 home in Lake County?
About $10,320 a year, or $860 a month.
Counties in Illinois with similar rates
More for Lake County
Lake County loan limitsIllinois closing costsAntioch 60002 market dataBuffalo Grove 60089 market dataDeerfield 60015 market dataFox Lake 60020 market dataGrayslake 60030 market dataGurnee 60031 market dataHighland Park 60035 market dataHighwood 60040 market dataIngleside 60041 market dataIsland Lake 60042 market dataLake Bluff 60044 market dataLake Forest 60045 market data
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.