Lake County Government IL
The other contributing factor is that Illinois has nearly 7, 000 local governmental entities with the power to levy property taxes, more than any other state. Lake County has more than 200 individual entities of local government that levy property taxes. Consolidating the number of governmental entities/taxing districts would result in greater efficiencies and cost savings for taxpayers by reducing the overall property-tax burden.
Property Tax ReliefYou can save money by applying for homestead exemptions. There is a general homestead exemption for all residential owner-occupied properties, and additional exemptions for seniors, veterans and disabled persons. Senior exemptions are applicable to those who are 65 years of age. Please review your most recent tax bill or contact your local township assessor to see that you have all of the homestead exemptions for which you are entitled.
Tax RatesBased on levies set by each local taxing district and property values established by township assessors and the Chief County Assessor’s Office, the County Clerk’s Office calculates property tax rates and applies state statutory limits.
State law allows taxing districts to adjust their tax rates so that their revenues remain stable. Unless taxing bodies reduce spending, property tax bills will not decrease. If you look at your tax bill, every taxing body/governmental entity on that bill is required to hold hearings on their proposed budgets.