The median sales price of a Lake County home in the first quarter of 2025 was $335,000, based on data from the 941 properties sold during that time. In 2025, the median tax bill for the county was $9,056, which is 2.7% of the median value of the homes that were taxed.
This is 2.4 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, Mettawa, and Grandwood Park paid the highest rates.
The above article calculates the effective property tax rate for 2025 using estimated inflation values and 2023 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 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 2025.
| City | Q1 2025 Sales | Q1 2025 Median Price | Median tax 2025 | Effective tax rate |
|---|---|---|---|---|
| Lakemoor | 7 | $183,000 | $7,207 | 3.9% |
| Mettawa | 3 | $495,000 | $18,418 | 3.7% |
| Grandwood Park | 14 | $264,500 | $9,595 | 3.6% |
| Round Lake Heights | 6 | $194,250 | $6,707 | 3.5% |
| Grayslake | 32 | $280,000 | $9,732 | 3.5% |
| Buffalo Grove | 33 | $385,000 | $13,039 | 3.4% |
| Lake Villa | 14 | $283,500 | $9,234 | 3.3% |
| Channel Lake | 5 | $160,000 | $5,120 | 3.2% |
| Zion | 43 | $215,000 | $6,612 | 3.1% |
| Riverwoods | 6 | $617,500 | $18,941 | 3.1% |
| Lindenhurst | 21 | $286,000 | $8,704 | 3% |
| Round Lake | 21 | $260,000 | $7,694 | 3% |
| Hainesville | 11 | $230,500 | $6,968 | 3% |
| Gurnee | 57 | $330,000 | $9,370 | 2.8% |
| Horatio Gardens | 2 | $380,000 | $10,749 | 2.8% |
| North Chicago | 16 | $214,250 | $5,730 | 2.7% |
| Highwood | 6 | $353,500 | $9,487 | 2.7% |
| Fox Lake Hills | 7 | $220,000 | $5,743 | 2.6% |
| Winthrop Harbor | 16 | $265,000 | $6,771 | 2.6% |
| Forest Lake | 3 | $285,000 | $7,297 | 2.6% |
| Beach Park | 25 | $268,000 | $6,609 | 2.5% |
| Volo | 4 | $420,000 | $10,422 | 2.5% |
| Round Lake Beach | 33 | $215,000 | $5,316 | 2.5% |
| Tower Lakes | 3 | $534,000 | $13,411 | 2.5% |
| Third Lake | 3 | $415,500 | $10,056 | 2.4% |
| Gages Lake | 19 | $319,500 | $7,763 | 2.4% |
| Libertyville | 31 | $501,000 | $11,865 | 2.4% |
| Vernon Hills | 32 | $424,500 | $10,379 | 2.4% |
| Lake Zurich | 21 | $400,000 | $9,405 | 2.4% |
| Lincolnshire | 6 | $683,500 | $16,396 | 2.4% |
| Long Grove | 17 | $960,000 | $22,137 | 2.3% |
| Deerfield | 32 | $632,250 | $14,463 | 2.3% |
| Lake Catherine | 4 | $250,000 | $5,434 | 2.2% |
| Antioch | 39 | $390,000 | $8,731 | 2.2% |
| Waukegan | 80 | $226,500 | $5,012 | 2.2% |
| Ingleside Shore | 13 | $235,000 | $5,094 | 2.2% |
| Wauconda | 11 | $340,000 | $7,389 | 2.2% |
| Mundelein | 14 | $322,500 | $7,068 | 2.2% |
| Hawthorn Woods | 5 | $665,000 | $14,741 | 2.2% |
| Knollwood | 4 | $368,000 | $7,921 | 2.2% |
| Lake Bluff | 13 | $635,000 | $14,017 | 2.2% |
| Barrington | 14 | $543,750 | $12,118 | 2.2% |
| Green Oaks | 4 | $727,500 | $15,032 | 2.1% |
| Bannockburn | 2 | $1,192,500 | $25,266 | 2.1% |
| Fox Lake | 24 | $282,500 | $5,707 | 2% |
| Wadsworth | 4 | $570,000 | $11,235 | 2% |
| Lake Barrington | 17 | $465,000 | $9,245 | 2% |
| North Barrington | 8 | $875,000 | $16,742 | 1.9% |
| Kildeer | 3 | $935,000 | $18,156 | 1.9% |
| Lotus Woods | 3 | $230,000 | $4,067 | 1.8% |
| Long Lake | 7 | $236,000 | $4,163 | 1.8% |
| Round Lake Park | 7 | $265,000 | $4,719 | 1.8% |
| Lake Forest | 24 | $1,009,250 | $17,873 | 1.8% |
| Deer Park | 4 | $749,500 | $13,373 | 1.8% |
| Highland Park | 61 | $903,000 | $16,364 | 1.8% |
| Venetian Village | 5 | $295,000 | $5,084 | 1.7% |
| Island Lake | 3 | $355,000 | $5,990 | 1.7% |
| Cary | 2 | $532,500 | $8,854 | 1.7% |
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