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Lake County, IL Property Tax Information

Gain insightful knowledge on property tax assessments, tax records, rates and exemptions


Property Tax Records

Start you property tax research on PropertyShark.com. You will find:

  • current property tax data on invidual properties,
  • an overview of the property appraisal process,
  • tax rates,
  • tax exemptions granted by different cities and local communities,
  • property and tax assessment values,
  • and more!


Search Property Tax Records in Lake County, IL

Navigating our database of property tax records is done with ease. Just type in a single property address and a property report will be pulled up containg: property tax information, property assessment value, property ownership records, deeds, tax liens, and more.

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Sample Property Tax Report for a Lake County, IL property


The State of Illinois does not have a statewide property tax. Property taxes are determined at local levels, and pay for services such as schools, libraries, park districts, fire protection districts and others. In Illinois, taxable property includes only real property such as land, buildings or permanent facilities.

Market Value

Market value has been defined by The Supreme Court as the sale price of real estate as agreed upon between a willing buyer and willing seller, with neither being under duress to buy or sell.

Market value = $38,310
Assessed Value

Assessment is the basis upon which taxing authorities tax a property. Real property in Illinois is generally assessed at 1/3 of its market value; however, its agricultural economic value may be substituted if it has been used for farmland for the previous two years.

Land assessed value $5,040
Building assessed value + $7,730
Assessed value = $12,770
Tax Equalization Factor

The Illinois Department of Revenue is required by law to calculate a tax equalization factor, often called the multiplier, to achieve uniform property assessment throughout the state. Once the Department has certified the final equalization factor, the County Clerk applies the factor to the final assessed value determined by the Assessor and modified by the Board of Review. The new value is called equalized assessed value (EAV). This value is the final taxable value of the property unless exemptions are applied.
Right now the equalization factor for Lake County is 1.0000, therefore the EAV is equal with the assessed value.

Equalized assessed value = $12,770
Exemptions And Taxable Value

Exemptions are available in Lake County, which may lower the property's tax bill. These are deducted from the property's equalized assessed value to give the property's taxable value.
We have no information about whether any exemptions currently apply to this property. Therefore, the taxable value will be equal to the assessed value.

Property Tax

Property tax is obtained by multiplying the final taxable value by the total tax rate applicable to it and is an estimate of what an owner not benefiting from any exemptions would pay.

Tax description Taxable value Tax rate Tax amount
City Of Waukegan $12,770 * 3.3400% = $426.52
College Of Lake County #532 $12,770 * 0.2960% = $37.80
County Of Lake $12,770 * 0.6630% = $84.67
Forest Preserve $12,770 * 0.2180% = $27.84
North Shore San Dist $12,770 * 0.1640% = $20.94
Road And Bridge-Waukegan $12,770 * 0.0460% = $5.87
Township Of Waukegan $12,770 * 0.4900% = $62.57
Waukegan Comm Unit School Dist #60 $12,770 * 9.2920% = $1,186.59
Waukegan Park Dist $12,770 * 1.1070% = $141.36
Property tax $12,770 * 15.6160% = $1,994.16

Actual taxes might differ from the figures displayed here due to various abatement and financial assistance programs.

For more information please visit the web pages of Lake County's Assessor and Treasurer or look up this property's current tax situation.

Tax per Square Foot

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Tax per SqFt: Na

On this map, you can see the tax value paid per square foot for this property.

Property Tax $222.77
Tax Year 2012
Square Foot 1822 SqFt
Tax per sqft: Na

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