Lake Forest property tax: where it goes
A typical Lake Forest house pays about $17,600 a year on the property tax bill, including flat charges on the same bill. Estimated from public rates, not anyone's actual bill.
A Lake Forest house pays 5.776% of its taxable value in property tax. For a house at $312,767 of value before exemptions with the homestead exemption, that's about $17,602 a year.
Tax is levied on Your tax bill is based on two factors, the equalized assessed value (EAV) of your property, and the amount of money your local taxing districts need to operate during the coming year..
Lake County 2025 rates (payable 2026) are the latest; 2026 rates are not set until 2027.
Pay or manage it
Who taxes this house
| Taxing agency | Rate | On $312,767 |
|---|---|---|
| City of Lake Forest (general, library, recreation, pensions) | 1.4625% | $4,457 |
| Lake Forest School District 67 (schools) | 1.5556% | $4,741 |
| Lake Forest High School District 115 (schools) | 1.6023% | $4,883 |
| Lake County | 0.5197% | $1,584 |
| Forest Preserve District of Lake County | 0.1568% | $478 |
| College of Lake County 532 | 0.2685% | $818 |
| North Shore Water Reclamation District | 0.1437% | $438 |
| Shields Township (including road and bridge) | 0.0665% | $203 |
| Total | 5.776% | $17,602 |
2025 tax year (payable 2026), Lake County, City of Lake Forest, District 67 and High School District 115. Exemptions applied: General homestead exemption (owner-occupied) ($8,000).
Ways to pay less
- Owner-occupied: general homestead exemption. Lowers the equalized assessed value of the property by $8,000. How: Apply through the Chief County Assessment Office.
- Seniors 65+: senior homestead exemption. Lowers the equalized assessed value of the property by $8,000 and may be claimed in addition to the General Homestead Exemption. How: Apply through the Chief County Assessment Office.
Sources
- tax.illinois.gov/questionsandanswers/answer.318.html
- lakecountyil.gov/436/General-Homestead-Exemption
- www.lakecountyil.gov/457/Senior-Homestead-Exemption
Checked October 30, 2026. Every number here comes from the public sources listed, matched by our checker.
Rates change every year; this page shows when it was last checked. Nothing here is legal, tax or insurance advice.
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