Round Lake Heights, Lake County, Illinois Property Taxes
Property Taxes in Round Lake Heights, Illinois
Median Round Lake Heights, Illinois effective property tax rate: 2.58%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Round Lake Heights, Illinois home value: $248,682
Median annual Round Lake Heights, Illinois tax bill: $6,147, $3,747 higher than the national median property tax bill of $2,400.
How are property taxes in Lake County calculated?
Property taxes in Round Lake Heights, 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 Heights's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Round Lake Heights, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Round Lake Heights, Lake County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.58%
Estimate Property Tax Bill
$6,416
$5,954
How Does the Round Lake Heights Property Tax Calculator Work?
Use this Round Lake Heights property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Round Lake Heights's median effective tax rate of 2.58% — 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 Heights'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 Heights: rates range from 2.58% in 60073 to 2.58% 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 Heights.
About Round Lake Heights Property Taxes
About Property Taxes in Round Lake Heights, Lake, Illinois
Round Lake Heights's median effective property tax rate of 2.58% 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 tax structure and local levies that shape what homeowners pay each year.
Property tax rates are not uniform across Round Lake Heights. Homeowners in the 60073 ZIP code carry a median effective rate of 2.58%, while that same ZIP code also reflects a median tax bill of $6,147. That bill is well above the national median property tax bill of $2400, and the 75th percentile tax bill reaches $7,713.
Round Lake Heights 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 Round Lake Heights, 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 Heights'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 Heights Tax Rate
2.58%
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 Heights, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60073 | 2.09% | 2.29% | 2.58% | 2.65% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Round Lake Heights, Lake County, Illinois
When examining property taxes in Round Lake Heights, 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 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 Round Lake Heights.
For example, the median home price in Round Lake Heights is $248,682, with tax bills ranging significantly across the county. 60073 has the highest median home price at $248,682.
Property Tax Assessment Values Across Round Lake Heights, Lake County, Illinois
Source: Ownwell
$153,792
$627,201
$1,100,609
Median Round Lake Heights Market Value
$248,682
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 Heights, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60073 | $134,502 | $161,588 | $248,682 | $295,687 | $326,431 |
Source: Ownwell
Property Tax Bills Across Round Lake Heights, Lake County, Illinois
Property tax bills in Round Lake Heights are calculated from the assessed value of a home and the local tax rate set by taxing authorities in Lake County. The assessed value is based on the market value of the property, and that value is then used to determine how much tax a homeowner owes. When local tax rates rise or a home’s assessed value increases, the bill can go up as well.
For homeowners in Round Lake Heights, property taxes can be a major part of housing costs. The median home price is $248,682, and the median property tax bill is $6,147 in ZIP code 60073. That is well above the national median property tax bill of $2,400, showing how much local assessments and tax rates can affect annual costs. Bills in the area also vary widely, with the 25th percentile at $3,738 and the 75th percentile at $7,713, which means similar homes can face very different tax burdens.
Property Tax Bills Across Round Lake Heights, Lake County, Illinois
Source: Ownwell
$4,033
$14,221
$24,409
Median Round Lake Heights Tax Bill
$6,147
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 Heights, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60073 | $2,895 | $3,738 | $6,147 | $7,713 | $8,616 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Lake Tax Assessor | |
| Website | tax.lakecountyil.gov |