How much are property taxes in Forest Lake, IL?
Homeowners in Forest Lake, IL pay a median of $6,185 (±$1,984) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $5,733.
Homes without a mortgage pay a median of $10,000 or more.
That is about 1.8% of the median home value of $346,400.
In Forest Lake, the median real estate tax went from $6,709 in 2015–2019 to $6,185 in 2020–2024 (−7.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median real estate taxes
- $6,185 (±$1,984)
- With a mortgage
- $5,733
- Without a mortgage
- $10,000 or more
- Share of median value
- 1.8%
Real estate taxes in Forest Lake against Lake County, its state and the nation
| Forest Lake | Lake County | Illinois | United States | |
|---|---|---|---|---|
| Median real estate taxes | $6,185 (±$1,984) | $8,923 (±$108) | $5,298 (±$22) | $3,119 |
| Homes with a mortgage | $5,733 (±$2,383) | $9,334 (±$147) | $5,833 (±$28) | $3,489 |
| Homes without a mortgage | $10,000 or more | $8,093 (±$215) | $4,463 (±$30) | $2,576 |
| Median home value | $346,400 (±$97,119) | $345,700 (±$3,502) | $263,300 (±$797) | $332,700 |
In Forest Lake, the median real estate tax is lower than in Lake County ($8,923).
It is not measurably different from Illinois ($5,298).
It is higher than the national figure ($3,119).
In Lake County, Forest Lake ranks 56 of 70 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 335 of 2,625.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Forest Lake
The median tax ($6,185) is 1.8% of the median home value ($346,400).
Across Lake County the same ratio is 2.6%.
Across Illinois it is 2.0%.
This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.
Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.
How property taxes in Forest Lake have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $6,709 (±$727) | $6,185 (±$1,984) | −7.8% | No measurable change after inflation |
| Median home value | $321,200 (±$25,073) | $346,400 (±$97,119) | +7.8% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,905 (±$194) | $2,075 (±$747) | +8.9% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Forest Lake
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Forest Lake | — | $6,185 (±$1,984) | — |
| Ela Township | 1.2 mi | $10,000 or more | — |
| Hawthorn Woods | 1.8 mi | $10,000 or more | — |
| Kildeer | 2.1 mi | $10,000 or more | — |
| Lake Zurich | 2.1 mi | $9,217 (±$273) | Higher |
| Long Grove | 2.4 mi | $10,000 or more | — |
| Deer Park | 3.6 mi | $10,000 or more | — |
| North Barrington | 3.9 mi | $10,000 or more | — |
| Indian Creek | 3.9 mi | $10,000 or more | — |
Nearby places with a measurably higher figure: Lake Zurich, IL ($9,217).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Lake County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 50 | Gages Lake | $7,233 (±$402) |
| 51 | Knollwood | $7,098 (±$1,051) |
| 52 | Benton Township (Lake County) | $6,914 (±$467) |
| 53 | Avon Township | $6,832 (±$268) |
| 54 | Hainesville | $6,558 (±$666) |
| 55 | Beach Park | $6,445 (±$542) |
| 56 | Forest Lake | $6,185 (±$1,984) |
| 57 (tie) | Zion | $6,120 (±$246) |
| 57 (tie) | Zion Township | $6,120 (±$246) |
| 59 | Fox Lake Hills | $6,116 (±$353) |
| 60 | Grant Township (Lake County) | $6,018 (±$311) |
| 61 | Venetian Village | $5,987 (±$1,136) |
| 62 | Round Lake Beach | $5,765 (±$351) |
Showing 13 of 70 places in Lake County, ranked from highest to lowest.
Forest Lake is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Forest Lake
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Forest Lake beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Forest Lake, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Forest Lake, and send estimates and invoices from your phone.
Questions about Forest Lake
How much are property taxes in Forest Lake?
The median real estate tax paid by homeowners in Forest Lake, IL is $6,185 (±$1,984) a year (2020–2024 American Community Survey).
What is the property tax rate in Forest Lake?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 1.8% of the median home value in Forest Lake, and the actual rate is set by the town, county and school district.
Have property taxes in Forest Lake gone up?
In Forest Lake, the median real estate tax went from $6,709 in 2015–2019 to $6,185 in 2020–2024 (−7.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Are property taxes in Forest Lake higher than in Lake County?
In Forest Lake, the median real estate tax is lower than in Lake County ($8,923).
It is not measurably different from Illinois ($5,298).
It is higher than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Forest Lake CDP, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Forest Lake CDP, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Forest Lake CDP, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Forest Lake CDP, Illinois
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Forest Lake CDP, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Forest Lake CDP, Illinois (place:26896, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Forest Lake at a glance
- Income and affordability in Forest Lake
- Home values in Forest Lake
- Homeowner costs in Forest Lake
- Types of homes in Forest Lake
- Heating fuel in Forest Lake
- Commute and cars in Forest Lake
- Population growth in Forest Lake
- Illinois landlord and tenant rules
- Housing across Lake County
- Illinois places ranked by property taxes
- Housing data for every place in Illinois