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.

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

CSAChicago-Naperville MSAChicago-Naperville-Elgin#93/303 Income

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

8.02%–10.65%-6.9%YoY

Varies by school district

Municipal Portioni

0.8295%-7.8%YoY8.9% of total

Effective Ratei

2.67%–3.55%

Est. Annual Taxi

$9K–$12K

Median Home Valuei

$351,700

Total Leviedi

$539.7M

Tax Per Capitai

$283

Municipal Revenuei

$2.8M17.7% 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

$0.44 E 34 (Lake)

$0.38 E 33 (Lake)

$0.37 E 41 (Lake)

$0.36 H 127

$0.30 E 37 (Lake)

$0.29 H 117

$0.22 H 124

$0.09 Lake Villa

$0.09 Lake Co

$0.07 Lake Villa Fpd

$0.04 Lake Villa Twp

$0.03 Jc 532

$0.02 Lake Co Fst Prsv Dist

Estimated Tax by Home Valuei

$250K

$6,683–$8,879

$300K

$8,019–$10,655

$350K

$9,356–$12,431

$400K

$10,692–$14,206

$450K

$12,029–$15,982

$500K

$13,365–$17,758

$550K

$14,702–$19,534

Highlighted value is closest to median home value ($352K)

13 Overlapping Taxing Districtsi

E 34 (Lake)Elementaryi

44.1%4.1197%

$35.7M levied

E 33 (Lake)Elementaryi

38.3%3.5757%

$5.6M levied

E 41 (Lake)Elementaryi

36.8%3.4406%

$25.6M levied

H 127High Schooli

36.3%3.3848%

$48.8M levied

E 37 (Lake)Elementaryi

30.5%2.8480%

$7.5M levied

H 117High Schooli

29.3%2.7368%

$46.1M levied

H 124High Schooli

21.6%2.0210%

$27.0M levied

Lake Villai

8.9%0.8295%

$2.5M levied

Lake Coi

8.7%0.8129%

$185.7M levied

Lake Villa Fpdi

7.2%0.6761%

$7.2M levied

Lake Villa Twpi

4.2%0.3899%

$5.0M levied

Jc 532Community Collegei

3%0.2802%

$89.1M levied

Lake Co Fst Prsv Disti

1.7%0.1616%

$53.9M levied