The median sales price of a Lake County home in the fourth quarter of 2022 was $290,500, based on data from the 2,113 properties sold during that time. In 2020 the median tax bill for the county was $7,133, which is 2.5% of the median value of the homes that were taxed.
This is 2.2 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 Echo Lake, Vernon Hills, and Bannockburn paid the highest rates.
The following table compares Echo Lake with some other cities belonging to Lake County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2022.
| City | Q4 2022 Sales | Q4 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Echo Lake | 1 | $130,000 | $5,235 | 4% |
| Vernon Hills | 91 | $269,900 | $9,503 | 3.5% |
| Bannockburn | 1 | $585,000 | $19,909 | 3.4% |
| Zion | 93 | $170,000 | $5,374 | 3.2% |
| Grayslake | 86 | $260,000 | $8,407 | 3.2% |
| Lindenhurst | 52 | $250,000 | $7,785 | 3.1% |
| Buffalo Grove | 84 | $377,500 | $11,761 | 3.1% |
| Volo | 4 | $355,000 | $10,535 | 3% |
| Hainesville | 15 | $215,000 | $6,536 | 3% |
| Horatio Gardens | 1 | $305,000 | $9,268 | 3% |
| Green Oaks | 14 | $474,450 | $13,909 | 2.9% |
| Gurnee | 101 | $280,000 | $7,446 | 2.7% |
| Port Barrington | 4 | $343,500 | $9,236 | 2.7% |
| Round Lake | 59 | $275,000 | $7,270 | 2.6% |
| Round Lake Beach | 87 | $180,000 | $4,643 | 2.6% |
| Gages Lake | 32 | $232,500 | $6,019 | 2.6% |
| Long Grove | 30 | $745,000 | $19,584 | 2.6% |
| Tower Lakes | 2 | $470,000 | $12,149 | 2.6% |
| Deer Park | 5 | $470,000 | $12,454 | 2.6% |
| Beach Park | 58 | $217,500 | $5,421 | 2.5% |
| Winthrop Harbor | 39 | $224,000 | $5,641 | 2.5% |
| Round Lake Park | 20 | $161,370 | $4,032 | 2.5% |
| Wauconda | 36 | $284,500 | $7,178 | 2.5% |
| Mundelein | 35 | $243,000 | $6,004 | 2.5% |
| Lake Bluff | 24 | $507,500 | $12,592 | 2.5% |
| Barrington | 23 | $453,000 | $11,212 | 2.5% |
| Deerfield | 67 | $541,500 | $13,306 | 2.5% |
| Lake Villa | 47 | $310,000 | $7,476 | 2.4% |
| Wadsworth | 12 | $348,500 | $8,352 | 2.4% |
| Waukegan | 192 | $184,800 | $4,392 | 2.4% |
| Round Lake Heights | 5 | $240,000 | $5,812 | 2.4% |
| Third Lake | 1 | $400,000 | $9,604 | 2.4% |
| North Chicago | 47 | $154,000 | $3,710 | 2.4% |
| North Barrington | 15 | $615,555 | $14,783 | 2.4% |
| Forest Lake | 4 | $271,000 | $6,579 | 2.4% |
| Kildeer | 15 | $680,814 | $16,649 | 2.4% |
| Lincolnshire | 31 | $615,900 | $14,646 | 2.4% |
| Highland Park | 95 | $600,000 | $14,249 | 2.4% |
| Mylith Park | 1 | $142,000 | $3,309 | 2.3% |
| Hawthorn Woods | 17 | $580,000 | $13,401 | 2.3% |
| Williams Park | 1 | $90,000 | $1,967 | 2.2% |
| Lake Barrington | 28 | $379,639 | $8,395 | 2.2% |
| Libertyville | 92 | $482,500 | $10,814 | 2.2% |
| Grandwood Park | 15 | $337,000 | $7,238 | 2.1% |
| Lake Zurich | 55 | $408,000 | $8,558 | 2.1% |
| Fox Lake | 27 | $237,500 | $4,795 | 2% |
| Lakemoor | 17 | $352,500 | $7,008 | 2% |
| Venetian Village | 17 | $215,000 | $4,374 | 2% |
| Riverwoods | 15 | $874,900 | $17,436 | 2% |
| Fox Lake Hills | 11 | $238,000 | $4,546 | 1.9% |
| Island Lake | 14 | $317,450 | $5,888 | 1.9% |
| Knollwood | 6 | $355,000 | $6,684 | 1.9% |
| Highwood | 9 | $417,097 | $8,055 | 1.9% |
| Ingleside Shore | 22 | $237,000 | $4,384 | 1.8% |
| Long Lake | 12 | $202,450 | $3,581 | 1.8% |
| Antioch | 104 | $318,200 | $4,944 | 1.6% |
| Lotus Woods | 8 | $163,000 | $2,370 | 1.5% |
| Lake Forest | 80 | $1,052,500 | $15,654 | 1.5% |
| Park City | 1 | $340,000 | $4,728 | 1.4% |
| Cary | 5 | $639,900 | $7,508 | 1.2% |
| Lake Catherine | 6 | $295,000 | $3,055 | 1% |
| Channel Lake | 6 | $305,000 | $3,065 | 1% |
| Mettawa | 5 | $1,520,430 | $14,596 | 1% |
Alerts Sign-up