The Lake County Board is committed to fiscal responsibility and to enhancing economic opportunities across the region. The board strives to be exceptional stewards of your tax dollars, and to put systems and policies in place to drive balanced growth, revitalization and job opportunities throughout Lake County.
Ongoing: Savings from Winchester House Property
In 2015, the Lake County Board approved a transition plan for Winchester House, where it was leased for three years to a private company which then agreed to build a new facility that is not County-owned or operated. The building that housed the former Winchester House long-term care facility program is now empty and in disrepair and is scheduled to be demolished in 2021. This decision saved taxpayers $100,000 in levied property taxes for the 2020 tax year and will result in an ongoing annual savings of $1.2 million in building operations and maintenance costs.
January 2021: Lake County, Waukegan, and Beach Park Work Together to Dissolve Drainage District
Lake County Government worked jointly with the village of Beach Park and the City of Waukegan to dissolve the Beach Park Drainage District, which had been a separate taxing body. This means that residents who own property within the former drainage district will no longer have that item on their tax bill. Lake County is committed to working with more municipalities to create future opportunities to consolidate outdated districts while providing more efficient and effective services to our communities. Read more
December 2020: More Than $16 Million In Grants Distributed To Small Businesses Impacted by COVID-19
More than $16 million was distributed over the past few months to 1,195 Lake County small businesses that applied for and were awarded grants to help offset revenue losses due to COVID-19. The grants were funded by the Lake County Small Business Assistance COVID-19 grant program, which the Lake County Board established using federal funds received from the Coronavirus Aid, Relief and Economic Security (CARES) Act. Read more
November 2020: Board Keeps Tax Levy Flat for Second Consecutive Year
The Lake County Board approved a balanced budget for Fiscal Year (FY) 2021, which for the second year in a row does not raise the total tax levy. As a result, Lake County’s tax rate will likely decrease slightly, which means most homeowners will see a slight reduction next year in the Lake County government portion of their property tax bill. Read more
July 2020: County Saves $98,000 in Taxpayer Funds by Moving Regional Office of Education
The move is part of the board’s overall focus on looking for ways to consolidate facilities to save money. Read more
June 2020: Senior Freeze and Other Exemptions Automatically Renewed
Lake County announced that Senior Freeze and other property tax exemptions will be automatically renewed this year, reducing burden on taxpayers during the COVID-19 pandemic. Read more
May 2020: “Lake County Forward” Initiative Announced to Focus on County Economic Recovery
Lake County Board Chair Sandy Hart announced the launch of "Lake County Forward," a collaborative, whole-of-government initiative for community health and economic recovery as Lake County accelerates through the challenges of the COVID-19 pandemic. This includes the distribution of more than $120 million in federal CARES Act funds. Learn more at www.lakecountyil.gov/forward.
May 2020: Board Approves Property Tax Deferral to Ease Hardship; Establishes Committee to Distribute Federal Funds to Lake County
In recognition of the financial hardship that many Lake County taxpayers are experiencing in light of the COVID-19 pandemic, the County Board enacted an ordinance that allows taxpayers to spread their property tax payments over four installments, instead of the usual two installments. Additionally, the board established a special committee focused on COVID-19 recovery and relief. Read more
November 2019: Lake County Board Approves Balanced Budget With No Increase In Tax Levy
Under the approved FY20 budget, Lake County's tax levy remained flat, which means that there was no increase in the dollar amount between the FY2020 property tax levy and the FY2019 property tax levy. As a result, homeowners saw a slight reduction in the Lake County government portion of their property tax bill. This marked the first time in at least 20 years that the County has had a flat tax levy. Read more