Gurnee, Lake County, Illinois Property Taxes
Property Taxes in Gurnee, Illinois
Median Gurnee, Illinois effective property tax rate: 2.75%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Gurnee, Illinois home value: $320,705
Median annual Gurnee, Illinois tax bill: $8,674, $6,274 higher than the national median property tax bill of $2,400.
How are property taxes in Lake calculated?
Property taxes in Gurnee, Illinois are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Gurnee's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gurnee, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Gurnee, Lake County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.75%
Estimate Property Tax Bill
$8,819
$8,184
How Does the Gurnee Property Tax Calculator Work?
Use this Gurnee property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Gurnee's median effective tax rate of 2.75% — based on actual property records in Lake County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Gurnee's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Gurnee: rates are 2.75% in 60031, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Gurnee.
About Gurnee Property Taxes
About Property Taxes in Gurnee, Lake, Illinois
Gurnee’s median effective property tax rate of 2.75% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Lake County base levy combined with local school district levies and special service areas that vary by subdivision throughout the city.
Property tax rates are not uniform across Gurnee. Homeowners in the 60031 ZIP code carry a median effective rate of 2.75%, while those in the same ZIP code pay 2.75%. This spread reflects how school district boundaries and local assessment districts are drawn across Lake County. Understanding which part of Gurnee you live in can make a meaningful difference to your annual tax bill.
Gurnee homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Gurnee, Lake County, Illinois
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Gurnee's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Gurnee Tax Rate
2.75%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lake County Tax Rate
2.61%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gurnee, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60031 | 2.36% | 2.58% | 2.75% | 2.86% | 2.98% |
Source: Ownwell
Property Tax Assessment Values Across Gurnee, Lake County, Illinois
When examining property taxes in Gurnee, Illinois, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lake County assessment office estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Lake County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Gurnee.
For example, the median home price in Gurnee is $320,705, with tax bills ranging significantly across the county. 60031 has the highest median home price at $320,705.
Property Tax Assessment Values Across Gurnee, Lake County, Illinois
Source: Ownwell
$153,792
$627,201
$1,100,609
Median Gurnee Market Value
$320,705
Median Lake County Market Value
$317,980
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gurnee, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60031 | $177,924 | $235,457 | $320,705 | $405,284 | $477,825 |
Source: Ownwell
Property Tax Bills Across Gurnee, Lake County, Illinois
Property tax bills in Gurnee are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. Local taxing bodies, including schools, municipalities, and other public services, set the overall levy that homeowners help fund. For a home with a median value of $320,705, the resulting tax bill can vary widely depending on the assessment and the tax rate applied.
What homeowners pay also depends on where the property is located within Lake County and how the assessment compares with similar homes. In Gurnee, the median tax bill in ZIP code 60031 is $8,674, while bills can range from $6,074 at the 25th percentile to $11,175 at the 75th percentile and $13,477 at the 90th percentile. That means property taxes can take a significant share of housing costs, making it important for homeowners to understand how their bill is determined.
Median Gurnee Tax Bill
$8,674
Median Lake County Tax Bill
$8,402
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Gurnee, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60031 | $4,443 | $6,074 | $8,674 | $11,175 | $13,477 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Lake Tax Assessor | |
| Website | tax.lakecountyil.gov |