Waukegan property tax appeals & home values
Homeowners in Waukegan, Illinois can save an average of $3,099 annually through property tax appeals and exemptions. Learn about home valuations and property tax appeals in Lake County, Illinois below.
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Tax rate
Average tax
Median home value
Appeal deadline
What is my house worth in Waukegan?
Property taxes in Waukegan are calculated at the county level based on the assessed value of your property, which may differ from its actual market value due to exemptions, caps, or special assessment rules. Many homeowners can reduce their tax burden through protesting their property tax or with exemptions such as homestead, senior, etc., depending on local laws.
Because property tax systems are administered at the county level, rates and available exemptions can vary widely across Lake County. Understanding how your county calculates home valuations, comps and what exemptions you qualify for, and where reduction opportunities exist can lead to meaningful savings.
Home Valuations
Comps, or comparisons, allows Waukegan homeowners to compare their home valuation to others with similar attributes.
Comparative Market Analysis (CMA)
A Comparative Market Analysis, also known as a CMA, is a report that uses comps, plus other market data, to estimate your home's value.
Property Tax Appeals
Every Waukegan homeowner can protest their property taxes in Lake County with the right comps and CMA report.
Property Tax Trends in Waukegan
Understanding local property tax trends helps homeowners make informed decisions about appeals and exemptions.
Current Tax Rate
2.74%
The effective property tax rate in Waukegan is 2.74%, which is applied to your property's assessed value.
Average Tax Burden
$8,609
Homeowners in Waukegan pay an average of $8,609 annually in property taxes.
Median Home Value
$313,700
The median home value in Waukegan serves as a benchmark for property assessments.
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Homeowners are often paying more than they should on property taxes. Abode Money handles the complex process of lowering your property taxes from start to finish.
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Property Tax FAQ
Common questions about Waukegan property taxes, appeals, and exemptions.
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