Home and mortgage
Lake County, IL Property Tax Calculator
Lake County homeowners pay a median $8,923 a year in property tax, 2.58% of a median $345,700 home: above Illinois's 2.01% and the national 0.94%.
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Property tax in Lake County by home value, at 2.58%
| Home value | A year | A month |
|---|---|---|
| $170,000 | $4,388 | $366 |
| $260,000 | $6,711 | $559 |
| $350,000 | $9,034 | $753 |
| $520,000 | $13,421 | $1,118 |
| $690,000 | $17,809 | $1,484 |
Lake County against Illinois and the US
| Effective rate | Median tax | Median home value | Median household income | |
|---|---|---|---|---|
| Lake County | 2.58% | $8,923 | $345,700 | $110,416 |
| Illinois | 2.01% | $5,298 | $263,300 | $83,390 |
| United States | 0.94% | $3,119 | $332,700 | $80,734 |
How this calculator works
Median real estate taxes paid ÷ median home value in Lake County, from the Census Bureau's American Community Survey 2020–2024 5-year estimates. The calculator starts at the county's median home value and rate.
Questions people ask
What is the property tax rate in Lake County?
The effective rate is 2.58%: a median $8,923 a year on a median $345,700 home. That's the 1st highest of the 28 Illinois counties we cover.
How much is property tax on a $400,000 house in Lake County?
About $10,324 a year, $860 a month, at the county's effective rate, before any exemption.
How does Lake County compare with the rest of Illinois?
Its rate is above the state's 2.01%. Across Illinois, covered counties range from 1.58% to 2.58%.
How do I lower my Lake County property tax?
Apply for every exemption you qualify for, such as a homestead exemption, and appeal your assessment if it is higher than comparable homes sold nearby; the county assessor explains the deadlines.
Other Illinois counties
- DeKalb County
- Winnebago County
- Kendall County
- McHenry County
- Rock Island County
- Kane County
- Will County
- Peoria County
- Kankakee County
- Boone County
- McLean County
- Macon County
- LaSalle County
- Tazewell County
- Champaign County
- Ogle County
- DuPage County
- Whiteside County
- St. Clair County
- Grundy County
- Sangamon County
- Madison County
- Cook County
- Jackson County
- Vermilion County
- Williamson County
- Adams County
Related calculators
Sources
Updated by the RateHerald team. The maths is tested against worked examples; report a problem.