The median sales price of a Lake County home in the first quarter of 2022 was $300,000, based on data from the 3,017 properties sold during that time. In 2020 the median tax bill for the county was $7,133, which is 2.4% of the median value of the homes that were taxed.
This is 2.1 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.
The analysis of Lake County real estate data showed homeowners in Cary and Third Lake paid the highest rates.
The following table compares Cary with some other cities belonging to Lake County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2022.
| City | Q1 2022 Sales | Q1 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Cary | 7 | $174,000 | $7,508 | 4.3% |
| Third Lake | 3 | $255,000 | $9,604 | 3.8% |
| Grayslake | 87 | $241,000 | $8,407 | 3.5% |
| Hainesville | 33 | $185,000 | $6,536 | 3.5% |
| Buffalo Grove | 111 | $345,000 | $11,761 | 3.4% |
| Lindenhurst | 66 | $242,500 | $7,785 | 3.2% |
| Round Lake | 63 | $224,900 | $7,270 | 3.2% |
| Indian Creek | 1 | $355,000 | $11,189 | 3.2% |
| Zion | 106 | $170,950 | $5,374 | 3.1% |
| Volo | 6 | $342,500 | $10,535 | 3.1% |
| Wauconda | 52 | $250,000 | $7,178 | 2.9% |
| Round Lake Beach | 117 | $168,250 | $4,643 | 2.8% |
| Mylith Park | 1 | $120,000 | $3,309 | 2.8% |
| Long Grove | 30 | $705,000 | $19,584 | 2.8% |
| Vernon Hills | 140 | $339,950 | $9,503 | 2.8% |
| Deerfield | 145 | $474,000 | $13,306 | 2.8% |
| Winthrop Harbor | 29 | $207,000 | $5,641 | 2.7% |
| Grandwood Park | 37 | $270,000 | $7,238 | 2.7% |
| Round Lake Heights | 7 | $225,000 | $5,812 | 2.6% |
| Gurnee | 154 | $282,500 | $7,446 | 2.6% |
| Port Barrington | 4 | $358,250 | $9,236 | 2.6% |
| Libertyville | 143 | $413,000 | $10,814 | 2.6% |
| Lake Villa | 58 | $302,750 | $7,476 | 2.5% |
| Waukegan | 249 | $175,000 | $4,392 | 2.5% |
| Lakemoor | 21 | $275,001 | $7,008 | 2.5% |
| Harris Corners | 3 | $345,000 | $8,773 | 2.5% |
| Island Lake | 9 | $235,000 | $5,888 | 2.5% |
| Mundelein | 58 | $244,950 | $6,004 | 2.5% |
| Hawthorn Woods | 29 | $530,000 | $13,401 | 2.5% |
| Lincolnshire | 62 | $575,000 | $14,646 | 2.5% |
| Riverwoods | 27 | $700,000 | $17,436 | 2.5% |
| Beach Park | 60 | $226,000 | $5,421 | 2.4% |
| Gages Lake | 55 | $247,500 | $6,019 | 2.4% |
| Barrington Hills | 8 | $723,000 | $17,311 | 2.4% |
| Kildeer | 14 | $705,000 | $16,649 | 2.4% |
| Horatio Gardens | 4 | $387,500 | $9,268 | 2.4% |
| North Chicago | 35 | $163,000 | $3,710 | 2.3% |
| Williams Park | 1 | $85,000 | $1,967 | 2.3% |
| Lake Bluff | 42 | $541,000 | $12,592 | 2.3% |
| Barrington | 33 | $491,800 | $11,212 | 2.3% |
| Lake Zurich | 93 | $372,000 | $8,558 | 2.3% |
| Highland Park | 160 | $609,250 | $14,249 | 2.3% |
| Highwood | 16 | $344,400 | $8,055 | 2.3% |
| Fox Lake | 55 | $215,000 | $4,795 | 2.2% |
| Fox Lake Hills | 11 | $210,000 | $4,546 | 2.2% |
| Ingleside Shore | 27 | $199,900 | $4,384 | 2.2% |
| Long Lake | 25 | $160,000 | $3,581 | 2.2% |
| Round Lake Park | 14 | $185,000 | $4,032 | 2.2% |
| Lake Barrington | 58 | $385,000 | $8,395 | 2.2% |
| Tower Lakes | 7 | $555,000 | $12,149 | 2.2% |
| Deer Park | 16 | $572,500 | $12,454 | 2.2% |
| Green Oaks | 13 | $675,000 | $13,909 | 2.1% |
| Fox River Grove | 2 | $612,500 | $13,135 | 2.1% |
| Knollwood | 8 | $340,000 | $6,684 | 2% |
| Forest Lake | 10 | $323,250 | $6,579 | 2% |
| Bannockburn | 6 | $1,015,500 | $19,909 | 2% |
| Channel Lake | 15 | $160,000 | $3,065 | 1.9% |
| Klondike | 4 | $183,389 | $3,486 | 1.9% |
| Wadsworth | 21 | $439,900 | $8,352 | 1.9% |
| Venetian Village | 17 | $232,500 | $4,374 | 1.9% |
| Antioch | 111 | $275,000 | $4,944 | 1.8% |
| North Barrington | 29 | $800,000 | $14,783 | 1.8% |
| Echo Lake | 1 | $290,000 | $5,235 | 1.8% |
| Lake Forest | 139 | $935,000 | $15,654 | 1.7% |
| Lotus Woods | 6 | $146,500 | $2,370 | 1.6% |
| Lake Catherine | 7 | $200,000 | $3,055 | 1.5% |
| Park City | 3 | $309,500 | $4,728 | 1.5% |
| Mettawa | 8 | $970,506 | $14,596 | 1.5% |
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