North Chicago, Lake County, Illinois Property Taxes
Property Taxes in North Chicago, Illinois
Median North Chicago, Illinois effective property tax rate: 3.49%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median North Chicago, Illinois home value: $153,792
Median annual North Chicago, Illinois tax bill: $5,236, $2,836 higher than the national median property tax bill of $2,400.
How are property taxes in Lake County calculated?
Property taxes in North Chicago, 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 North Chicago's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in North Chicago, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
North Chicago, Lake County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.49%
Estimate Property Tax Bill
$5,367
$4,981
How Does the North Chicago Property Tax Calculator Work?
Use this North Chicago property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies North Chicago's median effective tax rate of 3.49% — 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 North Chicago's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
North Chicago's median effective property tax rate is higher than the national median property tax rate of 1.02%, and the median property tax bill of $5,236 is higher than the national median property tax bill of $2,400. The median bill is also higher than the state median by $2,836.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across North Chicago.
About North Chicago Property Taxes
About Property Taxes in North Chicago, Lake, Illinois
North Chicago’s median effective property tax rate of 3.49% 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 North Chicago. Homeowners in the 60064 ZIP code carry a median effective rate of 3.49%, while those in the same ZIP code also pay 3.49%. This reflects how school district boundaries and local assessment districts are drawn across Lake County. Understanding which part of North Chicago you live in can make a meaningful difference to your annual tax bill.
North Chicago 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 North Chicago, 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 North Chicago'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 North Chicago Tax Rate
3.49%
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 North Chicago, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60064 | 2.59% | 3.10% | 3.49% | 3.88% | 4.11% |
Source: Ownwell
Property Tax Assessment Values Across North Chicago, Lake County, Illinois
When examining property taxes in North Chicago, 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 North Chicago.
For example, the median home price in North Chicago is $153,792, with tax bills ranging significantly across the county. 60064 has the highest median home price at $153,792.
Property Tax Assessment Values Across North Chicago, Lake County, Illinois
Source: Ownwell
$153,792
$627,201
$1,100,609
Median North Chicago Market Value
$153,792
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 North Chicago, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60064 | $96,955 | $123,355 | $153,792 | $183,591 | $220,546 |
Source: Ownwell
Property Tax Bills Across North Chicago, Lake County, Illinois
Property tax bills in North Chicago are based on the assessed value of a home and the local tax rate set for Lake County. When a property is reassessed, the tax bill is calculated using that assessed value, which helps determine how much a homeowner owes each year. Local taxing authorities use this process to fund services such as schools, roads, and public safety.
For homeowners, the size of the bill depends on both the market value of the property and how it is assessed for tax purposes. A higher assessed value can lead to a larger bill, while a lower assessment can reduce it. In North Chicago, property tax bills can vary widely, with the 25th percentile at $3,971, the 75th percentile at $6,529, and the 90th percentile at $7,934. The median home price is $153,792, which helps show how property taxes can represent a significant annual cost for homeowners.
Median North Chicago Tax Bill
$5,236
Median Lake County Tax Bill
$8,402
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across North Chicago, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60064 | $2,658 | $3,971 | $5,236 | $6,529 | $7,934 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Lake Tax Assessor | |
| Website | tax.lakecountyil.gov |