Lake County Property Taxes
Lake County, Illinois
Effective Tax Rate
0.00%
214.3% above state avgMedian Annual Tax
$0
$729/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
2.68%
At a Glance
Median Home Value
$326,600
State avg ▲ $146,132
Tax w/ Mortgage/yr
$9,173
$764/mo escrow
Tax w/o Mortgage/yr
$7,874
$656/mo
State Tax Rate Rank
#102
of 102 counties (1 = lowest)
Similar tax rates
Data Story
About Property Taxes in Lake County, Illinois
Lake County taxes rank high nationally
Lake County's effective tax rate of 2.677% exceeds the national median of 2.690%, placing it near the top tier for property tax burden. The median tax bill here is $8,743, more than triple the national median of $2,690, reflecting both higher local tax rates and significantly higher home values.
Among Illinois's highest taxing counties
Lake County ranks among the most expensive counties in Illinois for property taxes, with an effective rate of 2.677% versus the state average of 1.831%. Its median tax of $8,743 far exceeds the state average of $2,782.
Lake County outpaces nearby counties
Lake County's 2.677% rate significantly exceeds neighboring counties like LaSalle (2.154%) and Lee (1.921%). Homeowners here pay roughly 24% more in effective tax rate than the regional average.
Expect $8,743 annually on median home
On Lake County's median home value of $326,600, expect to pay approximately $8,743 per year in property taxes. With a mortgage, that figure rises to $9,173 due to escrow requirements.
Your assessment may be too high
Many Lake County homeowners are overassessed relative to their home's market value. Consider requesting a reassessment or filing an appeal if your property's assessed value exceeds recent sale comparables.
How Lake County Compares
Median Annual Property Tax
Lake County
2.68%
Effective rate
Illinois Avg
1.90%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Lake County, Illinois?
How much are property taxes in Lake County?
How does Lake County compare to the Illinois average?
What is the median home value in Lake County, Illinois?
Why is Lake County property tax rate higher than the Illinois average?
How does Lake County rank for property taxes in Illinois?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Illinois
Data updated: March 2026
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.