Community Information
Whether you're buying a home, selling or relocating around Lake County or Chicago Metropolitan, try this link for https://www.sunraydirect.com/Chicago3/BairdWarner/
In Illinois we pay sales, property and income tax. PROPERTY TRANSFER FEES In Illinois the home seller pays $1.50 per thousand at closing to the state and Lake County. Both buyer and seller also pay a flat $3.00 on each closing. BUILDING PERMIT FEES Most villages require permits for additions and renovations, especially involving foundation changes, moving walls, changing plumbing & electrical, putting up fences, new roofs, finishing basements, etc. Be sure to check with your village before starting any work. Some permit fees are a flat fee of $10 -$500. Some towns may charge 1.5% of the total job. The longer answer is that the actual calculation is on the "Assessed" value in Lake County which is considered to be 33.33% of market value. Taxes collected are shared with a tiny percentage going to each of sixteen or so different taxing bodies for the county, village, schools, community college, libraries, roads, bridges, pension funds & forest preserves. These percentages add up to a total "multiplier" effect averaging between 4-7% on one third of the home's value. The home value as of January following the tax year is to be a rolling average of home values based on similar square footage, lot size and past sales from the previous three years. The new tax amount is announced in May with half due in June and the balance due in September. We call it "paying in the rears." Property taxes in Cook County use a completely different formula. INSURANCE Home & car insurance vary by town depending on the company you choose and what they consider to be the risks, replacement cost, crime rate & number of uninsured. You can usually save money by having all with the same company. Ask about umbrella policies as well. Please double check any of these figures if this information is important to your decision making. EB 1/1 |
I hope you find the following community links helpful. |
Antioch 60002 www.antioch.il.gov/
Gurnee 60031 www.gurnee.il.us/
Grayslake 60030 www.villageofgrayslake.com/
Hawthorn Woods 60047 www.vhw.org/
Lake Bluff 60044 www.lakebluff.org/
Lake Forest 60045 www.cityoflakeforest.com
Libertyville 60048 libertyville.com/index.aspx
www.mainstreetlibertyville.org
Lake Villa 60046 www.lake-villa.org
www.lakevillatownship.org
Lincolnshire 60069 www.village.lincolnshire.il.us/
Lindenhurst 60046 lindenhurstil.org/
Long Grove 60047 www.longgrove.net/
Mundelein 60060 www.mundelein.org/
Vernon Hills 60061 www.vernonhills.org/
Wadsworth 60083 www.villageofwadsworth.org/
Lake County Official Government Site www.lakecountyil.gov/
Lake County Convention & Visitors Bureau www.lakecounty.org
Lake County Forest Preserves www.lcfpd.org/
Various Offices of Lake County www.countyoffice.org
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