Wadsworth, Lake County, Illinois Property Taxes
Property Taxes in Wadsworth, Illinois
Median Wadsworth, Illinois effective property tax rate: 2.85%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Wadsworth, Illinois home value: $346,334
Median annual Wadsworth, Illinois tax bill: $10,026, $7,626 higher than the national median property tax bill of $2,400.
How are property taxes in Lake calculated?
Property taxes in Wadsworth, 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 Wadsworth's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wadsworth, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Wadsworth, Lake County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.85%
Estimate Property Tax Bill
$9,871
$9,160
How Does the Wadsworth Property Tax Calculator Work?
Use this Wadsworth property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Wadsworth's median effective tax rate of 2.85% — 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 Wadsworth'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 Wadsworth: rates range from 2.85% in 60083 to 2.85% in 60083, 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 Wadsworth.
About Wadsworth Property Taxes
About Property Taxes in Wadsworth, Lake, Illinois
Wadsworth’s median effective property tax rate of 2.85% 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 Wadsworth. Homeowners in the 60083 ZIP code carry a median effective rate of 2.85%, while those in the lowest ZIP also pay 2.85%. This spread reflects how school district boundaries and local assessment districts are drawn across Lake County. Understanding which part of Wadsworth you live in can make a meaningful difference to your annual tax bill.
Wadsworth 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 Wadsworth, 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 Wadsworth'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 Wadsworth Tax Rate
2.85%
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 Wadsworth, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60083 | 2.43% | 2.62% | 2.85% | 3.17% | 3.56% |
Source: Ownwell
Property Tax Assessment Values Across Wadsworth, Lake County, Illinois
When examining property taxes in Wadsworth, 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 are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Wadsworth is $346,334, with a median tax bill of $10,026. The highest median home price is found in 60083 at $346,334.
Property Tax Assessment Values Across Wadsworth, Lake County, Illinois
Source: Ownwell
$153,792
$627,201
$1,100,609
Median Wadsworth Market Value
$346,334
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 Wadsworth, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60083 | $203,900 | $265,803 | $346,334 | $440,423 | $569,654 |
Source: Ownwell
Property Tax Bills Across Wadsworth, Lake County, Illinois
How are property tax bills calculated in Wadsworth?
Property tax bills in Wadsworth are based on the assessed value of a home, which is then multiplied by the local tax rate. That assessed value is influenced by the market value of the property, along with local taxing authority budgets and exemptions that may apply. For homeowners, this means a higher assessed value can lead to a larger tax bill, even if the home has not been sold.
What do Wadsworth homeowners pay?
The median home price in Wadsworth is $346,334, and the median property tax bill is $10,026. That is far above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Tax bills in the area also vary widely, with the 25th percentile at $7,357 and the 75th percentile at $12,901.
How does this affect homeowners?
Because property taxes are tied to assessed value, homeowners in Wadsworth may see their bills rise when local assessments increase.
Median Wadsworth Tax Bill
$10,026
Median Lake County Tax Bill
$8,402
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Wadsworth, Lake County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60083 | $5,901 | $7,357 | $10,026 | $12,901 | $16,208 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Lake Tax Assessor | |
| Website | tax.lakecountyil.gov |