Lake County, IL Homestead Exemption: How to File
In Lake County, the median owner-occupied home is worth $345,700 and the median homeowner pays $8,923 a year in real estate taxes, an effective rate of about 2.58% (Census ACS 2020-2024).
| Median home value | $345,700 |
|---|---|
| Median real estate taxes | $8,923 a year |
| Effective tax rate | 2.58% (median taxes ÷ median value) |
| Where to file | Lake County Chief County Assessment Office ↗ |
Source: U.S. Census Bureau, ACS 2020-2024 5-year, tables B25077 and B25103 (county FIPS 17097). Local add-on exemptions: not listed here unless the county publishes them; ask the office above.
Who owns homes in Lake County
- Lake County has 193,403 owner-occupied homes; 74.8% of occupied homes are owned, above the statewide 67.1% for Illinois.
- 55,629 Lake County owner households (28.8%) are headed by someone 65 or older, below the statewide 31.8%. Illinois programs in our verified data that cover older owners: General Homestead Exemption and other homestead exemptions; Senior Citizens and Disabled Veterans Homestead Exemptions.
- About 25,130 veterans live in Lake County (4.7% of adults). Illinois veteran relief: Senior Citizens and Disabled Veterans Homestead Exemptions.
- 36.1% of Lake County owners have no mortgage (below the statewide 39.2%).
- The median Lake County home was built in 1983 (statewide: 1971).
Illinois statewide program
General Homestead Exemption and other homestead exemptions: Reduces the equalized assessed value of an owner-occupied home. Separate exemptions exist for seniors, senior assessment freeze, disabled persons and veterans. Who qualifies and how to apply in Illinois →
Other large counties · Illinois down payment assistance (DPA Finder)
Illinois counties with similar home values
Each files through its own office: Kane County (Kane County Supervisor of Assessments) · Cook County (Cook County Assessor's Office) · Will County (Will County Supervisor of Assessments) · DuPage County (DuPage County Supervisor of Assessments) · St. Clair County (St. Clair County Assessor)
Related guides
- Homestead Exemption Checklist for First-Time Home Buyers
- Missed the Homestead Exemption Deadline? What You Can Still Do
- Bought a Home Mid-Year: When Does Your Homestead Exemption Start?
- How to Protest Your Property Tax Assessment
New to owning a home? How down payment assistance works (DPA Finder).
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