Highland Park, Lake County, Illinois Property Taxes
Property Taxes in Highland Park, Illinois
Median Highland Park, Illinois effective property tax rate: 2.53%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Highland Park, Illinois home value: $564,105
Median annual Highland Park, Illinois tax bill: $14,191, higher than the national median property tax bill of $2,400.
How are property taxes in Lake calculated?
Property taxes in Highland Park, 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 Highland Park's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Highland Park, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Highland Park, Lake County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.53%
Estimate Property Tax Bill
$14,272
$13,244
How Does the Highland Park Property Tax Calculator Work?
Use this Highland Park property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Highland Park's median effective tax rate of 2.53% — based on actual property records in Lake County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Highland Park'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 Highland Park: rates range from 2.53% in 60035 to 2.53% in 60035, 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 Highland Park.
About Highland Park Property Taxes
About Property Taxes in Highland Park, Lake, Illinois
Highland Park’s median effective property tax rate of 2.53% 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 (SSAs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Highland Park. Homeowners in the 60035 ZIP code carry a median effective rate of 2.53%, while those in the lowest ZIP code also pay 2.53%. This spread shows how school district boundaries and local assessment districts are drawn across Lake County. Understanding which part of Highland Park you live in can make a meaningful difference to your annual tax bill.
Highland Park 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 Highland Park, 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 Highland Park'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 Highland Park Tax Rate
2.53%
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 Highland Park, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60035 | 2.29% | 2.44% | 2.53% | 2.64% | 2.64% |
Source: Ownwell
Property Tax Assessment Values Across Highland Park, Lake County, Illinois
When examining property taxes in Highland Park, 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 assessor 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 May.
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 Highland Park.
For example, the median home price in Highland Park is $564,105, with tax bills ranging significantly across the county. 60035 has the highest median home price at $564,105.
Property Tax Assessment Values Across Highland Park, Lake County, Illinois
Source: Ownwell
$153,792
$627,201
$1,100,609
Median Highland Park Market Value
$564,105
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 Highland Park, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60035 | $288,008 | $413,767 | $564,105 | $841,156 | $1,173,574 |
Source: Ownwell
Property Tax Bills Across Highland Park, Lake County, Illinois
Highland Park property tax bills are calculated by applying local tax rates to a home’s assessed value, which is based on the market value of the property. The final bill depends on the assessed value, the tax rate set by local taxing bodies, and any exemptions a homeowner may qualify for. Because the median home price in Highland Park is $564,105, even small changes in assessed value can have a noticeable impact on the amount owed.
Property taxes in Highland Park are high compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400. The tax bill can vary widely across homeowners, with the 25th percentile at $10,105, the 75th percentile at $21,379, and the 90th percentile at $30,371. The median tax bill in zip code 60035 is $14,191. For homeowners, this means property taxes are a major part of the cost of owning a home and can significantly affect monthly housing expenses and long-term affordability.
Median Highland Park Tax Bill
$14,191
Median Lake County Tax Bill
$8,402
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Highland Park, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60035 | $6,430 | $10,105 | $14,191 | $21,379 | $30,371 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Lake Tax Assessor | |
| Website | tax.lakecountyil.gov |