The median sales price of a Lake County home in the first quarter of 2024 was $310,000, based on data from the 1,615 properties sold during that time. In 2024, the median tax bill for the county was $9,360, which is 3% of the median value of the homes that were taxed.
This is 2.7 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 Lakemoor, Winthrop Harbor, and Grayslake paid the highest rates.
The above article calculates the effective property tax rate for 2024 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 Lakemoor 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 2024.
| City | Q1 2024 Sales | Q1 2024 Median Price | Median tax 2024 | Effective tax rate |
|---|---|---|---|---|
| Lakemoor | 5 | $82,000 | $7,741 | 9.4% |
| Winthrop Harbor | 15 | $146,700 | $7,019 | 4.8% |
| Grayslake | 56 | $266,500 | $10,170 | 3.8% |
| Wadsworth | 19 | $290,000 | $10,778 | 3.7% |
| Lindenhurst | 34 | $290,000 | $10,280 | 3.5% |
| Hainesville | 19 | $230,000 | $7,619 | 3.3% |
| Zion | 72 | $204,500 | $6,579 | 3.2% |
| Grandwood Park | 12 | $281,000 | $9,051 | 3.2% |
| Antioch | 66 | $280,000 | $8,587 | 3.1% |
| Volo | 5 | $382,000 | $11,703 | 3.1% |
| Vernon Hills | 82 | $351,000 | $10,765 | 3.1% |
| Lincolnshire | 25 | $545,000 | $16,638 | 3.1% |
| Round Lake | 40 | $260,000 | $7,562 | 2.9% |
| Gurnee | 78 | $311,000 | $8,866 | 2.9% |
| Park City | 6 | $186,500 | $5,383 | 2.9% |
| Buffalo Grove | 53 | $452,000 | $13,091 | 2.9% |
| Fox Lake | 17 | $215,000 | $5,972 | 2.8% |
| Beach Park | 38 | $234,950 | $6,559 | 2.8% |
| Wauconda | 23 | $295,000 | $8,406 | 2.8% |
| Long Grove | 14 | $778,000 | $21,944 | 2.8% |
| Fox River Grove | 2 | $524,500 | $14,828 | 2.8% |
| Indian Creek | 2 | $440,500 | $12,211 | 2.8% |
| Venetian Village | 11 | $180,000 | $4,919 | 2.7% |
| Deerfield | 65 | $565,000 | $15,294 | 2.7% |
| Mundelein | 31 | $263,000 | $6,934 | 2.6% |
| Lake Villa | 29 | $330,000 | $8,150 | 2.5% |
| Round Lake Beach | 69 | $205,000 | $5,172 | 2.5% |
| North Chicago | 31 | $185,000 | $4,690 | 2.5% |
| Libertyville | 69 | $500,000 | $12,348 | 2.5% |
| Deer Park | 4 | $542,500 | $13,833 | 2.5% |
| Barrington | 21 | $518,000 | $12,795 | 2.5% |
| Lake Zurich | 49 | $380,000 | $9,603 | 2.5% |
| Highland Park | 74 | $658,500 | $16,458 | 2.5% |
| Klondike | 3 | $220,000 | $5,346 | 2.4% |
| Gages Lake | 32 | $292,500 | $7,039 | 2.4% |
| Island Lake | 7 | $285,000 | $6,867 | 2.4% |
| Lake Barrington | 30 | $409,000 | $9,643 | 2.4% |
| Hawthorn Woods | 12 | $610,000 | $14,928 | 2.4% |
| Lake Bluff | 26 | $597,500 | $14,059 | 2.4% |
| Riverwoods | 12 | $819,500 | $20,013 | 2.4% |
| Waukegan | 146 | $215,000 | $4,914 | 2.3% |
| Kildeer | 6 | $845,000 | $19,197 | 2.3% |
| Highwood | 5 | $385,000 | $9,012 | 2.3% |
| Fox Lake Hills | 10 | $246,000 | $5,526 | 2.2% |
| Mylith Park | 2 | $170,000 | $3,785 | 2.2% |
| Knollwood | 4 | $346,000 | $7,547 | 2.2% |
| Round Lake Park | 16 | $229,500 | $4,829 | 2.1% |
| Horatio Gardens | 4 | $499,500 | $10,431 | 2.1% |
| Green Oaks | 9 | $775,000 | $15,691 | 2% |
| Mettawa | 4 | $849,950 | $16,942 | 2% |
| Tower Lakes | 2 | $672,500 | $13,747 | 2% |
| Cary | 6 | $412,500 | $8,237 | 2% |
| Lotus Woods | 2 | $207,500 | $3,950 | 1.9% |
| Round Lake Heights | 6 | $256,893 | $4,925 | 1.9% |
| Forest Lake | 5 | $378,000 | $7,354 | 1.9% |
| Channel Lake | 11 | $276,500 | $4,996 | 1.8% |
| Ingleside Shore | 13 | $310,000 | $5,489 | 1.8% |
| Long Lake | 9 | $235,000 | $4,346 | 1.8% |
| Lake Catherine | 6 | $314,000 | $5,223 | 1.7% |
| North Barrington | 7 | $990,000 | $17,088 | 1.7% |
| Lake Forest | 66 | $1,072,500 | $17,831 | 1.7% |
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