Housing Values and Property Tax
2008 Housing Values
Average single-family home sale was $772,000
Average condominium sale was $413,000
Single-family homes range from $250,000 to over $1.75 million
| Village
Portion of the Total Property Tax Bill |
| |
Amount |
| Village of Lincolnshire |
3% |
| School Districts 103, 125 and College
of Lake County |
73% |
| Lake County |
7% |
| Lake County Forest Preserve |
3% |
| Vernon Area Public Library |
4% |
| Lincolnshire Fire Protection District |
8% |
| Vernon Township/Vernon Road and
Bridge/Vernon Gravel Fund |
2% |
| Total |
100% |
| History of Lincolnshire
Property Tax Rates |
| |
Amount
(Per $100 of EAV) |
| 1981 - 1982 |
0.511 |
| 1987 - 1988 |
0.242 |
| 1988 - 1989 |
0.234 |
| 1989 - 1990 |
0.221 |
| 1990 - 1991 |
0.204 |
| 1991 - 1992 |
0.199 |
| 1992 - 1993 |
0.175 |
| 1993 - 1994 |
0.163 |
| 1994 - 1995 |
0.095 |
| 1995 - 1996 |
0.106 |
| 1996 - 1997 |
0.095 |
| 1997 - 1998 |
0.095 |
| 1998 - 1999 |
0.113 |
| 1999 - 2000 |
0.111 |
| 2000 - 2001 |
0.113 |
| 2001 - 2002 |
0.119 |
| 2002 - 2003 |
0.114 |
| 2003 - 2004 |
0.128 |
| 2004-2005 |
0.173 |
| 2005-2006 |
0.193 |
| 2006-2007 |
0.176 |
Source: Lake County Tax Extension Office |
