Taxing Times
Lake County property tax bills in the mail
Lake County Property Tax bills are being mailed May 1st and should be received by the end of the week. The bill is payable in two equal installments. The first due date is June 5 and the second installment is due September 5. Please note, Lake County residents receive a single tax bill for both installments.
Property owners who DO NOT receive a bill, or those looking for payment options, contact the Treasurer’s Office at 847-377-2323 or information is online at the address noted below.
Payment options
Payments can be mailed to Lake County Treasurer’s Office 18 N. County St., Waukegan, 60085. The Treasurer’s Office accepts payments online by credit card or eCheck. The eCheck payment option is free and easy. Additionally, many local banks accept tax payments. Holly Kim, Lake County Treasurer has a wealth of information including payment options web link below.
The bills are for 2023 property taxes, which are payable in 2024. Keep in mind, tax bills are based on the assessment of your property that took place last year and the appeal process has already passed. By law, only factual errors can be corrected once the bills go out, changes cannot be made for market valuation issues.
Check your Exemptions
Exemptions reduce taxes. An exemption reduces the taxable value of your home. The most common exemptions are: General Homestead, Senior Homestead, Senior Assessment Freeze and Home Improvement Exemption. On the bottom right side of the tax bills is the computation ladder. Look for the deductions applied in this area. Please contact my office if you believe you are missing as exemption.
Taxes are Increasing
With the current rate of inflation, taxing bodies are allowed to increase their spending. Illinois Property Tax Extension and Limitation Law (PTELL) allows for an increase in spending at the current inflation rate or 5% whichever is less. For this tax year the increase will be 5%. While it was hoped that spending would not increase at that rate, it is not the case. Of the 29 jurisdictions monitored for Lake Villa Township, the average increase is 5%. The exception is the Milburn School District. Milburn paid off constrcution bonds in full and they were able to take advantage of a 1 year grant from the State to reduce thier spending by nearly -$4,500,000 or -26%. That will have a huge impact to taxpayers in that district. Congrats Millburn!!!
Office is Open
Lake Villa Township Assessor’s Office is open to the public. We can assist residents during normal business hours. Additionally, taxpayers can phone or email regarding assessment, real estate taxes and exemption questions.
- Phone: 1-847-356-2383
- Email: Assessor@LakeVillaAssessor.org
Links
Lake Villa Township Assessor’s page “Taxes”
- Assessment and Spending Comparisons, informative articles
Lake County Website for Property Information
- Assessment, Real Estate Taxes, and Property Tax Extension data
http://www.tax.lakecountyil.gov
Jeffrey A. Lee
37850 N. IL Rte. 59
Lake Villa, IL 60046
Phone: 847-356-2383
Email: Assessor@lakevillaassessor.org
Office Hours: Monday – Friday 8:00 am to 4:00 pm