Of your total property tax bill - Lake County government keeps only 7%. The rest is distributed to 319 other taxing districts in the county - with schools getting the biggest piece. Lake County's median market value of a home is $282,000. County government receives about $390 of that property tax payment.
Only one third of the county's budget comes from property taxes. Other major revenue sources include:
Charges for service, like water bills
Federal and state grant cdollars
Motor fuel taxes
Sales, income and business taxes
Payments from other governments
Lake County spends about $390 million annually. Some- towards capital improvements such as roads, sewers etc. 27% of the annual budget goes toward law and judicial services. Another 27% is dedicated to health and community services.
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As Exclusive Buyer Agents - we provide expert research and negotiation for home buyers and investors in the Chicago area. Unlike "buyer agents" - we are specialists, not generalists, and we are always 100% on the home buyer's side....
If you are thinking about buying / purchasing a home in the Chicago Illinois area, you should ensure that you have an agent that is on your side – looking out for your best interests. Feel free to visit the Buyer Broker Chicagoland web site for more information. Or call 847-566-7558 or Toll Free at 866-493-2842 or e-mail us to schedule a complimentary initial consultation – where we can determine if we can take you as a client.
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