Homeowners in Channel Lake, Lake County, pay about 2.14% of their home's value in property tax each year. The median bill is $5,330.
At Channel Lake's typical rate of 2.14%. Exemptions lower the real bill.
| Home value | Property tax (estimate) |
|---|---|
| $250,000 | $5,343 |
| $350,000 | $7,480 |
| $450,000 | $9,617 |
| $600,000 | $12,822 |
| $800,000 | $17,096 |
A family with a $223,000 home in Channel Lake pays about $4,766 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $10,706 — under the $40,400 cap. That alone does not beat the $32,200 standard deduction for married couples; mortgage interest and charity decide the rest.
| Town | County | Rate | Median bill |
|---|---|---|---|
| Antioch | Lake | 2.97% | $8,989 |
| Fox Lake Hills | Lake | 2.44% | $6,116 |
| Spring Grove | McHenry | 2.19% | $9,642 |
| Lake Villa | Lake | 2.71% | $10,000+ |
| Pistakee Highlands | McHenry | 2.21% | $4,542 |
| Round Lake Heights | Lake | 1.10% | $5,364 |
Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates. Unofficial estimate, not a tax bill. Updated 2026-10-08.
Homeowners in Channel Lake pay a typical effective property tax rate of 2.14% of home value per year. The median annual bill is $5,330 and the median home value is $223,000 (U.S. Census ACS 2020–2024).
About $8,548 per year at Channel Lake's typical rate of 2.14%. The homeowner exemption and other exemptions lower the actual bill.
Channel Lake's typical rate of 2.14% is lower than the Lake County average of 2.26%.
Yes, if you itemize. For 2026, property tax plus Illinois income tax count toward the SALT deduction, capped at $40,400 ($20,200 if married filing separately) and reduced above $505,000 of income. Itemizing helps only if your total deductions beat the standard deduction: $32,200 married filing jointly, $16,100 single, $24,150 head of household.
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