Lincolnshire, Lake County, Illinois Property Taxes
Property Taxes in Lincolnshire, Illinois
Median Lincolnshire, Illinois effective property tax rate: 2.70%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Lincolnshire, Illinois home value: $532,041
Median annual Lincolnshire, Illinois tax bill: $14,119, higher than the national median property tax bill of $2,400.
How are property taxes in Lake calculated?
Property taxes in Lincolnshire, 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 Lincolnshire's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lincolnshire, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lincolnshire, Lake County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.7%
Estimate Property Tax Bill
$14,365
$13,330
How Does the Lincolnshire Property Tax Calculator Work?
Use this Lincolnshire property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lincolnshire's median effective tax rate of 2.70% — based on actual property records in Lake County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lincolnshire's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Lincolnshire's median tax rate is higher than the Illinois median of 2.33% and higher than the national median property tax rate of 1.02%. The median property tax bill is $14,119, which is $11,719 higher than the state median property tax bill.
Your bill may vary by ZIP code within Lincolnshire: rates range from 2.70% in 60069 to 2.70% in 60069, 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 Lincolnshire.
About Lincolnshire Property Taxes
About Property Taxes in Lincolnshire, Lake, Illinois
Lincolnshire’s median effective property tax rate of 2.70% 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 can vary by subdivision throughout the city.
Property tax rates are not uniform across Lincolnshire. Homeowners in the 60069 ZIP code carry a median effective rate of 2.70%, while the lowest ZIP code also sits at 2.70%. That means there is no spread across the city, but location still matters because school district boundaries and local assessment districts can shape how taxes are calculated in Lake County.
Lincolnshire homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline.
If your estimated bill 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 Lincolnshire, 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 Lincolnshire'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 Lincolnshire Tax Rate
2.70%
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 Lincolnshire, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60069 | 2.45% | 2.57% | 2.70% | 2.80% | 2.91% |
Source: Ownwell
Property Tax Assessment Values Across Lincolnshire, Lake County, Illinois
When examining property taxes in Lincolnshire, 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 tax authority 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 when notices are sent.
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 Lincolnshire.
For example, the median home price in Lincolnshire is $532,041, with tax bills ranging significantly across the county. 60069 has the highest median home price at $532,041.
Property Tax Assessment Values Across Lincolnshire, Lake County, Illinois
Source: Ownwell
$153,792
$627,201
$1,100,609
Median Lincolnshire Market Value
$532,041
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 Lincolnshire, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60069 | $299,006 | $386,560 | $532,041 | $668,752 | $863,330 |
Source: Ownwell
Property Tax Bills Across Lincolnshire, Lake County, Illinois
Property tax bills in Lincolnshire are calculated by multiplying a home’s assessed value by the local tax rate, then applying any exemptions or adjustments allowed in Lake County. The assessed value is based on the market value of the property, so homes with higher values generally face larger tax bills. For homeowners in Lincolnshire, this means the final bill depends not only on the home’s worth, but also on how local taxing bodies set rates and how the property is classified.
The median home price in Lincolnshire is $532,041, and the median property tax bill is $14,119 in ZIP code 60069. That is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills can vary widely, with the 25th percentile at $10,150 and the 75th percentile at $18,444, showing how much location and valuation can affect what homeowners pay each year.
Median Lincolnshire Tax Bill
$14,119
Median Lake County Tax Bill
$8,402
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Lincolnshire, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60069 | $7,489 | $10,150 | $14,119 | $18,444 | $23,485 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Lake Tax Assessor | |
| Website | tax.lakecountyil.gov |