Lake County, Illinois Property Taxes
Census Bureau ACS property tax data for Illinois. Population: 190,963.
The median annual property tax in Lake County is $8,743, which is 214% higher than the Illinois state average and 355% above the national average. The effective tax rate is 2.68% on a median home value of $326,600. Property taxes represent 8.0% of the median household income in this county.
Median Annual Tax
$8,743
+214% vs State
+355% vs US
Median Home Value
$326,600
+123% vs State
+54% vs US
Effective Tax Rate
2.68%
+46% vs State
+182% vs US
With vs Without Mortgage
With Mortgage
$9,173
$764/mo
Without Mortgage
$7,874
$656/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $8,743 +1.6% | 2.68% |
| 2022 | $8,609 +7.1% | 2.74% |
| 2021 | $8,040 +4.1% | 2.88% |
| 2020 | $7,724 +1.8% | 2.84% |
| 2019 | $7,587 | 2.86% |
Tax Burden
Tax-to-Income Ratio
8.0%
of median household income
Median Income
$108,917
per year
Monthly Tax
$729
per month
Other Counties in Illinois
DeKalb County
Tax: $5,889/yr Rate: 2.54%
De Witt County
Tax: $2,297/yr Rate: 1.85%
Henderson County
Tax: $1,703/yr Rate: 1.68%
Ogle County
Tax: $3,737/yr Rate: 2.03%
Schuyler County
Tax: $1,940/yr Rate: 1.83%
Knox County
Tax: $2,044/yr Rate: 1.95%
Frequently Asked Questions
What is the average property tax in Lake County, Illinois? ▼
The median annual property tax in Lake County is $8,743 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 2.68% on a median home value of $326,600.
How does Lake County property tax compare to the national average? ▼
Property taxes in Lake County are 355% above the national average of $1,923. The effective rate of 2.68% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Lake County? ▼
In Lake County, homeowners with a mortgage pay a median of $9,173 in annual property taxes, while homeowners without a mortgage pay $7,874. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Lake County? ▼
Property taxes in Lake County represent approximately 8.0% of the median household income of $108,917. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.