The median property tax (also known as real estate tax) in Lake County is $6,285.00 per year, based on a median home value of $287,300.00 and a median effective property tax rate of 2.19% of property value.
Lake County collects very high property taxes, and is among the top 25% of counties in the United States ranked by property tax collections. Of the one-hundred--two counties in Illinois, Lake County is ranked 1st by median property taxes, and 5th by median tax as percentage of home value.
Lake County's higher property taxes are partially due to property values, as the median home value in Lake County is $287,300.00. For comparison, the state-wide median property value is $202,200.00
Note: Due to the complicated and varied methods used to calculate property tax in different counties, the best way to compare property taxes between jurisdictions is through median property tax values. If you need to calculate the exact tax due on your property, contact the Lake County Tax Assessor.
