Homeowners in Mundelein, Lake County, pay about 2.38% of their home's value in property tax each year. The median bill is $8,404.
At Mundelein's typical rate of 2.38%. Exemptions lower the real bill.
| Home value | Property tax (estimate) |
|---|---|
| $250,000 | $5,948 |
| $350,000 | $8,327 |
| $450,000 | $10,707 |
| $600,000 | $14,275 |
| $800,000 | $19,034 |
A family with a $309,700 home in Mundelein pays about $7,369 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $13,309 — 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 |
|---|---|---|---|
| Libertyville | Lake | 2.23% | $10,000+ |
| Vernon Hills | Lake | 2.54% | $10,000+ |
| Hawthorn Woods | Lake | 2.50% | $10,000+ |
| Round Lake Park | Lake | 1.32% | — |
| Forest Lake | Lake | 1.88% | $6,185 |
| Grayslake | Lake | 3.02% | $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.
Homeowners in Mundelein pay a typical effective property tax rate of 2.38% of home value per year. The median annual bill is $8,404 and the median home value is $309,700 (U.S. Census ACS 2020–2024).
About $9,517 per year at Mundelein's typical rate of 2.38%. The homeowner exemption and other exemptions lower the actual bill.
Mundelein's typical rate of 2.38% is higher 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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