How are property tax rates determined in Illinois?

Property tax rates in Illinois are set by each taxing district (municipality, school district, park district, library, etc.) based on their annual levy (the amount of tax revenue they need). The rate is calculated by dividing the levy by the total assessed value of all property in the district.

What is the composite tax rate?

The composite tax rate is the sum of all overlapping taxing district rates that apply to a specific property. A typical property may be taxed by several overlapping districts. The composite rate determines your total tax bill when multiplied by your property's assessed value.

Why do tax rates vary within the same town?

Properties within the same municipality can have different composite rates because overlapping districts (school, park, fire, library) have different boundaries. A home in one school district may have a different rate than a home two blocks away in a different school district.

Fox Lake, IL Property Tax Rate 2026 — Full Breakdown by District

CSAChicago-Naperville MSAChicago-Naperville-Elgin#148/303 Population

Showing latest tax year with year-over-year changes. Full rate history available with a paid plan. View plans →

Property Tax — Tax Year 2024 (payable 2025)i

IL DOR

Composite Ratei

8.31%–10.64%-7.5%YoY

Varies by school district

Municipal Portioni

0.7245%-6%YoY7.6% of total

Effective Ratei

2.77%–3.55%

Est. Annual Taxi

$6K–$8K

Median Home Valuei

$228,100

Total Leviedi

$487.1M

Tax Per Capitai

$260

Municipal Revenuei

$3.3M8.9% of total rev

Rate varies by school district. Your actual rate depends on which school district your property falls in.

Rate Trend — click a year to explorei

20232024

Municipal

Other Districts

Where Your Tax Dollar Goesi

$0.43 E 34 (Lake)

$0.33 E 114 (Lake)

$0.30 E 37 (Lake)

$0.29 H 117

$0.27 E 38 (Lake)

$0.21 H 124

$0.09 Lake Co

$0.08 Fox Lake

$0.06 Grant Twp (Vermilion)

$0.06 Fox Lake Fpd

$0.05 Grant Twp (Lake)

$0.03 Fox Lake Lbry Dist

$0.03 Jc 532

$0.02 Lake Co Fst Prsv Dist

Estimated Tax by Home Valuei

$100K

$2,771–$3,547

$150K

$4,156–$5,320

$200K

$5,542–$7,093

$250K

$6,927–$8,866

$300K

$8,313–$10,640

$350K

$9,698–$12,413

$400K

$11,084–$14,186

Highlighted value is closest to median home value ($228K)

14 Overlapping Taxing Districtsi

E 34 (Lake)Elementaryi

43.5%4.1197%

$35.7M levied

E 114 (Lake)Elementaryi

33.3%3.1574%

$10.8M levied

E 37 (Lake)Elementaryi

30.1%2.8480%

$7.5M levied

H 117High Schooli

28.9%2.7368%

$46.1M levied

E 38 (Lake)Elementaryi

26.5%2.5087%

$14.4M levied

H 124High Schooli

21.3%2.0210%

$27.0M levied

Lake Coi

8.6%0.8129%

$185.7M levied

Fox Lakei

7.6%0.7245%

$2.9M levied

Grant Twp (Vermilion)i

5.5%0.5202%

$315K levied

Fox Lake Fpdi

5.5%0.5176%

$6.0M levied

Grant Twp (Lake)i

4.9%0.4653%

$4.8M levied

Fox Lake Lbry Disti

3.2%0.3008%

$3.0M levied

Jc 532Community Collegei

3%0.2802%

$89.1M levied

Lake Co Fst Prsv Disti

1.7%0.1616%

$53.9M levied