Chicago suburbs  ·  2020–2024 Census data

Gurnee Property Tax
Rate & Typical Bill

Homeowners in Gurnee, Lake County, pay about 2.39% of their home's value in property tax each year. The median bill is $8,491.

Gurnee, IL

Effective rate
2.39%
Median tax bill
$8,491
Median home value
$344,300
Owner-occupied homes
8,961
Rank in Lake County (1 = highest)
21 of 47

Lake County average: 2.26%

Estimated Yearly Tax by Home Value

At Gurnee's typical rate of 2.39%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$5,964
$350,000$8,349
$450,000$10,734
$600,000$14,313
$800,000$19,083

Can You Deduct It?

A family with a $344,300 home in Gurnee pays about $8,213 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $14,153 — 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.

Run your own numbers

Compare Nearby Towns

TownCountyRateMedian bill
Gages LakeLake2.40%$7,233
Park CityLake1.32%$199
Grandwood ParkLake2.96%$9,729
WaukeganLake2.43%$4,759
Green OaksLake2.04%$10,000+
GrayslakeLake3.02%$10,000+

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates. Unofficial estimate, not a tax bill. Updated 2026-10-08.

Property Tax FAQ

What is the property tax rate in Gurnee, IL?

Homeowners in Gurnee pay a typical effective property tax rate of 2.39% of home value per year. The median annual bill is $8,491 and the median home value is $344,300 (U.S. Census ACS 2020–2024).

How much is property tax on a $400,000 home in Gurnee?

About $9,542 per year at Gurnee's typical rate of 2.39%. The homeowner exemption and other exemptions lower the actual bill.

Is property tax in Gurnee higher than the Lake County average?

Gurnee's typical rate of 2.39% is higher than the Lake County average of 2.26%.

Can I deduct property taxes paid in Gurnee on my 2026 federal return?

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.

Let a CPA Run Your Numbers

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