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FIPS: 17097•Rank #15 National•Rank #1 in IL
Lake County, IL
Forward-Looking Municipal Debt, Assessment Lag & Carrying Cost Audit
Elevated Tax Drift Risk
96% Conf.
Tax Drift Index
65.7/ 100
Elevated Drift Risk
Lake County Executive Risk Briefing
MSRB EMMA Disclosures & US Census BureauAugust 2026
Lake County carries a Elevated Tax Drift Score (65.7/100) based on $9,400 in overlapping municipal debt per capita and a +23.8% CAD assessment lag spread. Projected 3-year millage escalation of +0.33% (+33 bps) indicates an estimated +$2,852/yr escrow adjustment on median-priced properties.
Median Home: $360,000Median Income: $97,500Effective Tax: 2.6%
Municipal Debt Per Capita
$9,400
9.6% of Median Income
CAD Valuation Lag
+23.8%
Assessed Value trailing Market HPI
3-Yr Millage Escalation
+33 bps
Effective Rate: 2.6% → 3.0%
Projected Annual Escrow Shock
+$2,852/yr
Estimated on median assessed home
Overlapping Taxing Jurisdictions & Debt Obligations
Breakdown of autonomous debt issuers assessing ad valorem property taxes on parcels within Lake County.
| Entity Name | Entity Type | Outstanding Bond Debt | Debt / Student or Cap | Adopted Millage |
|---|---|---|---|---|
| Waukegan Community Unit School District 60 | ISD | $310.0M | $21,500 | 154.000% |
5-Year Historical Drift Score & Effective Rate Trajectory
2022
58
2.5% eff.
2023
60
2.5% eff.
2024
62
2.6% eff.
2025
64
2.6% eff.
2026
65.7
2.6% eff.
Statutory Constraint & Legislative Policy
One of the highest effective property tax rate jurisdictions in the US, driven by high per-pupil school expenditure rates.
Data Provenance & Audit Citations