The median sales price of a Lake County home in the fourth quarter of 2023 was $320,000, based on data from the 1,747 properties sold during that time. In 2023, the median tax bill for the county was $9,043, which is 2.8% of the median value of the homes that were taxed.
This is 2.5 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 Round Lake Park, Grayslake, and Grandwood Park paid the highest rates.
The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.
The following table compares Round Lake Park 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 2023.
| City | Q4 2023 Sales | Q4 2023 Median Price | Median tax 2023 | Effective tax rate |
|---|---|---|---|---|
| Round Lake Park | 17 | $120,000 | $4,665 | 3.9% |
| Grayslake | 69 | $290,000 | $9,826 | 3.4% |
| Grandwood Park | 18 | $256,683 | $8,745 | 3.4% |
| Lindenhurst | 41 | $305,000 | $9,931 | 3.3% |
| Zion | 64 | $201,250 | $6,356 | 3.2% |
| Vernon Hills | 99 | $325,000 | $10,400 | 3.2% |
| Hainesville | 8 | $237,500 | $7,360 | 3.1% |
| Volo | 5 | $375,000 | $11,306 | 3% |
| Libertyville | 70 | $403,500 | $11,929 | 3% |
| Buffalo Grove | 71 | $415,000 | $12,647 | 3% |
| Deerfield | 78 | $497,450 | $14,775 | 3% |
| Lakemoor | 5 | $259,900 | $7,483 | 2.9% |
| Round Lake | 33 | $257,000 | $7,306 | 2.8% |
| Highwood | 6 | $313,750 | $8,707 | 2.8% |
| Winthrop Harbor | 34 | $250,000 | $6,781 | 2.7% |
| Third Lake | 5 | $390,000 | $10,633 | 2.7% |
| Island Lake | 7 | $243,000 | $6,634 | 2.7% |
| Wauconda | 24 | $299,875 | $8,121 | 2.7% |
| Mundelein | 23 | $250,000 | $6,699 | 2.7% |
| Knollwood | 4 | $270,000 | $7,291 | 2.7% |
| Riverwoods | 13 | $725,000 | $19,335 | 2.7% |
| Horatio Gardens | 5 | $370,000 | $10,078 | 2.7% |
| Beach Park | 19 | $248,000 | $6,337 | 2.6% |
| Round Lake Beach | 74 | $191,500 | $4,997 | 2.6% |
| Gurnee | 99 | $325,000 | $8,566 | 2.6% |
| Long Grove | 24 | $820,000 | $21,201 | 2.6% |
| Green Oaks | 13 | $580,000 | $15,159 | 2.6% |
| Lotus Woods | 3 | $151,000 | $3,817 | 2.5% |
| Wadsworth | 13 | $410,000 | $10,413 | 2.5% |
| Lincolnshire | 23 | $650,000 | $16,074 | 2.5% |
| Antioch | 75 | $345,000 | $8,296 | 2.4% |
| Lake Villa | 42 | $322,500 | $7,874 | 2.4% |
| Ingleside Shore | 11 | $220,000 | $5,303 | 2.4% |
| Gages Lake | 27 | $280,000 | $6,801 | 2.4% |
| Barrington | 19 | $520,000 | $12,361 | 2.4% |
| Indian Creek | 3 | $490,000 | $11,797 | 2.4% |
| Harris Corners | 2 | $427,500 | $9,817 | 2.3% |
| North Chicago | 20 | $197,500 | $4,531 | 2.3% |
| Hawthorn Woods | 17 | $615,000 | $14,422 | 2.3% |
| Lake Zurich | 61 | $395,000 | $9,277 | 2.3% |
| Highland Park | 80 | $697,000 | $15,900 | 2.3% |
| Channel Lake | 12 | $216,100 | $4,827 | 2.2% |
| Waukegan | 145 | $215,000 | $4,747 | 2.2% |
| Lake Barrington | 30 | $417,580 | $9,316 | 2.2% |
| Fox Lake | 32 | $275,000 | $5,769 | 2.1% |
| Forest Lake | 9 | $335,000 | $7,105 | 2.1% |
| Lake Catherine | 5 | $250,000 | $5,046 | 2% |
| Fox Lake Hills | 11 | $263,647 | $5,339 | 2% |
| Kildeer | 15 | $910,000 | $18,546 | 2% |
| Lake Bluff | 22 | $710,525 | $13,582 | 1.9% |
| Tower Lakes | 2 | $704,250 | $13,281 | 1.9% |
| Deer Park | 5 | $720,000 | $13,364 | 1.9% |
| Long Lake | 16 | $235,000 | $4,199 | 1.8% |
| Venetian Village | 10 | $276,250 | $4,755 | 1.7% |
| Round Lake Heights | 5 | $282,500 | $4,758 | 1.7% |
| North Barrington | 17 | $970,000 | $16,509 | 1.7% |
| Lake Forest | 56 | $1,149,500 | $17,226 | 1.5% |
| Park City | 2 | $412,000 | $5,200 | 1.3% |
| Barrington Hills | 2 | $2,087,500 | $18,697 | 0.9% |
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