Vernon Hills, Lake County, Illinois Property Taxes
Property Taxes in Vernon Hills, Illinois
Median Vernon Hills, Illinois effective property tax rate: 2.75%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Vernon Hills, Illinois home value: $366,996
Median annual Vernon Hills, Illinois tax bill: $9,854, higher than the national median property tax bill of $2,400.
How are property taxes in Lake calculated?
Property taxes in Vernon Hills, 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 Vernon Hills's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Vernon Hills, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Vernon Hills, Lake County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.75%
Estimate Property Tax Bill
$10,092
$9,365
How Does the Vernon Hills Property Tax Calculator Work?
Use this Vernon Hills property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Vernon Hills' median effective tax rate of 2.75% — 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 Vernon Hills' 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 Vernon Hills: rates range from 2.75% in 60061 to 2.75% in 60061, 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 Vernon Hills.
About Vernon Hills Property Taxes
About Property Taxes in Vernon Hills, Lake, Illinois
Vernon Hills’s median effective property tax rate of 2.75% 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 Vernon Hills. Homeowners in ZIP code 60061 carry a median effective rate of 2.75%, while those in the same ZIP code pay 2.75%. This spread reflects how school district boundaries and local assessment districts are drawn across Lake County. Understanding which part of Vernon Hills you live in can make a meaningful difference to your annual tax bill.
Vernon Hills 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 Vernon Hills, 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 Vernon Hills'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 Vernon Hills Tax Rate
2.75%
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 Vernon Hills, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60061 | 2.42% | 2.58% | 2.75% | 2.87% | 2.96% |
Source: Ownwell
Property Tax Assessment Values Across Vernon Hills, Lake County, Illinois
When examining property taxes in Vernon Hills, 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 Vernon Hills.
For example, the median home price in Vernon Hills is $366,996, with tax bills ranging significantly across the county. 60061 has the highest median home price at $366,996.
Property Tax Assessment Values Across Vernon Hills, Lake County, Illinois
Source: Ownwell
$153,792
$627,201
$1,100,609
Median Vernon Hills Market Value
$366,996
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 Vernon Hills, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60061 | $152,007 | $218,386 | $366,996 | $479,910 | $679,321 |
Source: Ownwell
Property Tax Bills Across Vernon Hills, Lake County, Illinois
Property tax bills in Vernon Hills are calculated using the assessed value of a home and the local tax rate set by taxing authorities in Lake County. The bill is based on the market value of the property, which is then assessed for tax purposes, and that assessed value is multiplied by the applicable rate to determine what a homeowner owes.
For Vernon Hills homeowners, the median home price is $366,996, and the median property tax bill is $9,854 in ZIP code 60061. That amount is far above the $2,400 national median property tax bill, showing how local rates and home values can create a much larger annual expense.
Several factors affect the final bill, including the home’s assessed value, exemptions, and the tax rates set by local governments and school districts. Higher assessed values generally lead to higher bills, which can significantly affect monthly housing costs and long-term affordability for homeowners.
Median Vernon Hills Tax Bill
$9,854
Median Lake County Tax Bill
$8,402
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Vernon Hills, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60061 | $4,206 | $5,626 | $9,854 | $13,585 | $18,884 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Lake Tax Assessor | |
| Website | tax.lakecountyil.gov |