The median sales price of a Lake County home in the fourth quarter of 2024 was $340,000, based on data from the 1,468 properties sold during that time. In 2024, the median tax bill for the county was $9,360, 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 Mettawa, Round Lake Heights, and Green Oaks 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 U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.
“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.
The following table compares Mettawa 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 2024.
| City | Q4 2024 Sales | Q4 2024 Median Price | Median tax 2024 | Effective tax rate |
|---|---|---|---|---|
| Mettawa | 4 | $400,000 | $16,942 | 4.2% |
| Round Lake Heights | 3 | $125,000 | $4,925 | 3.9% |
| Green Oaks | 3 | $425,000 | $15,691 | 3.7% |
| Lindenhurst | 40 | $297,500 | $10,280 | 3.5% |
| Winthrop Harbor | 11 | $215,000 | $7,019 | 3.3% |
| Grandwood Park | 15 | $285,000 | $9,051 | 3.2% |
| Grayslake | 77 | $325,000 | $10,170 | 3.1% |
| Buffalo Grove | 52 | $420,250 | $13,091 | 3.1% |
| Volo | 4 | $388,000 | $11,703 | 3% |
| Hainesville | 15 | $255,000 | $7,619 | 3% |
| Gurnee | 65 | $295,000 | $8,866 | 3% |
| Libertyville | 105 | $410,000 | $12,348 | 3% |
| Zion | 50 | $230,000 | $6,578 | 2.9% |
| Round Lake | 34 | $265,000 | $7,562 | 2.9% |
| Round Lake Park | 6 | $168,500 | $4,829 | 2.9% |
| Vernon Hills | 65 | $375,000 | $10,765 | 2.9% |
| Lincolnshire | 21 | $575,000 | $16,638 | 2.9% |
| Third Lake | 2 | $397,500 | $11,007 | 2.8% |
| Fox Lake | 24 | $234,000 | $5,972 | 2.6% |
| Barrington | 28 | $500,750 | $12,795 | 2.6% |
| Deerfield | 55 | $596,000 | $15,294 | 2.6% |
| Long Lake | 11 | $173,500 | $4,346 | 2.5% |
| North Chicago | 18 | $188,000 | $4,690 | 2.5% |
| Wauconda | 37 | $336,000 | $8,406 | 2.5% |
| Long Grove | 20 | $892,500 | $21,944 | 2.5% |
| Tower Lakes | 3 | $550,000 | $13,747 | 2.5% |
| Kildeer | 6 | $781,250 | $19,197 | 2.5% |
| Antioch | 50 | $357,500 | $8,587 | 2.4% |
| Fox Lake Hills | 4 | $228,500 | $5,526 | 2.4% |
| Round Lake Beach | 53 | $215,000 | $5,172 | 2.4% |
| Gages Lake | 33 | $288,000 | $7,039 | 2.4% |
| Island Lake | 8 | $289,500 | $6,867 | 2.4% |
| Indian Creek | 2 | $502,500 | $12,211 | 2.4% |
| Beach Park | 37 | $285,000 | $6,559 | 2.3% |
| Ingleside Shore | 17 | $235,000 | $5,489 | 2.3% |
| Lake Catherine | 4 | $232,500 | $5,223 | 2.2% |
| Wadsworth | 13 | $492,000 | $10,778 | 2.2% |
| Waukegan | 117 | $225,000 | $4,914 | 2.2% |
| Lakemoor | 10 | $354,000 | $7,741 | 2.2% |
| Lake Barrington | 17 | $435,000 | $9,643 | 2.2% |
| Forest Lake | 9 | $339,000 | $7,354 | 2.2% |
| Highland Park | 67 | $737,000 | $16,458 | 2.2% |
| Lake Villa | 26 | $389,250 | $8,150 | 2.1% |
| Mundelein | 25 | $330,000 | $6,934 | 2.1% |
| Deer Park | 6 | $656,000 | $13,833 | 2.1% |
| Lake Zurich | 47 | $458,000 | $9,603 | 2.1% |
| Cary | 3 | $399,000 | $8,237 | 2.1% |
| Park City | 5 | $265,000 | $5,383 | 2% |
| Bannockburn | 3 | $1,200,000 | $24,473 | 2% |
| Hawthorn Woods | 14 | $772,750 | $14,928 | 1.9% |
| North Barrington | 4 | $890,000 | $17,088 | 1.9% |
| Lake Forest | 42 | $931,750 | $17,831 | 1.9% |
| Lake Bluff | 26 | $752,500 | $14,059 | 1.9% |
| Riverwoods | 10 | $1,030,250 | $20,013 | 1.9% |
| Venetian Village | 8 | $275,000 | $4,919 | 1.8% |
| Highwood | 7 | $625,000 | $9,012 | 1.4% |
| Lotus Woods | 4 | $337,500 | $3,950 | 1.2% |
| Echo Lake | 2 | $525,000 | $6,042 | 1.2% |
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