Round Lake Beach, Lake County, Illinois Property Taxes
Property Taxes in Round Lake Beach, Illinois
Median Round Lake Beach, Illinois effective property tax rate: 2.63%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Round Lake Beach, Illinois home value: $196,481
Median annual Round Lake Beach, Illinois tax bill: $5,013, $2,613 higher than the national median property tax bill of $2,400.
How are property taxes in Lake calculated?
Property taxes in Round Lake Beach, 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 Round Lake Beach's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Round Lake Beach, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Round Lake Beach, Lake County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.63%
Estimate Property Tax Bill
$5,167
$4,795
How Does the Round Lake Beach Property Tax Calculator Work?
Use this Round Lake Beach property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Round Lake Beach's median effective tax rate of 2.63% — 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 Round Lake Beach'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 Round Lake Beach: rates range from 2.63% in 60073 to 2.63% in 60073, 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 Round Lake Beach.
About Round Lake Beach Property Taxes
About Property Taxes in Round Lake Beach, Lake, Illinois
Round Lake Beach's median effective property tax rate of 2.63% 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 Round Lake Beach. Homeowners in the 60073 ZIP code carry a median effective rate of 2.63%, while those in the same ZIP code pay 2.63%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Lake County. Understanding which part of Round Lake Beach you live in can make a meaningful difference to your annual tax bill.
Round Lake Beach homeowners who believe their assessed value is too high can file a formal appeal with the Lake County 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 Round Lake Beach, 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 Round Lake Beach'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 Round Lake Beach Tax Rate
2.63%
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 Round Lake Beach, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60073 | 2.08% | 2.39% | 2.63% | 2.94% | 3.08% |
Source: Ownwell
Property Tax Assessment Values Across Round Lake Beach, Lake County, Illinois
When examining property taxes in Round Lake Beach, 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 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 Round Lake Beach.
For example, the median home price in Round Lake Beach is $196,481, with tax bills ranging significantly across the county. 60073 has the highest median home price at $196,481.
Property Tax Assessment Values Across Round Lake Beach, Lake County, Illinois
Source: Ownwell
$153,792
$627,201
$1,100,609
Median Round Lake Beach Market Value
$196,481
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 Round Lake Beach, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60073 | $131,846 | $157,530 | $196,481 | $253,250 | $297,915 |
Source: Ownwell
Property Tax Bills Across Round Lake Beach, Lake County, Illinois
Property tax bills in Round Lake Beach are calculated by applying the local tax rate to a home’s assessed value, then adjusting for exemptions and the share of local government funding needed from property taxes. The assessed value is based on the market value of the home, and that figure is used to determine how much a homeowner owes each year.
For homeowners in Round Lake Beach, the size of the bill depends on both the home’s value and the tax rate set by local taxing authorities. With a median home price of $196,481, property taxes can still create a significant annual expense. The median tax bill in the area is $5,013, which is well above the national median property tax bill of $2,400 and above the national median property tax rate of 1.02%.
Higher assessed values generally lead to higher bills, which can affect monthly budgets and long-term housing costs. In Round Lake Beach, that makes understanding how property taxes are calculated especially important for homeowners.
Property Tax Bills Across Round Lake Beach, Lake County, Illinois
Source: Ownwell
$4,033
$14,221
$24,409
Median Round Lake Beach Tax Bill
$5,013
Median Lake County Tax Bill
$8,402
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Round Lake Beach, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60073 | $2,910 | $3,841 | $5,013 | $6,930 | $8,726 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Lake Tax Assessor | |
| Website | tax.lakecountyil.gov |