Question about the property taxI am living in Lake County,illinois. I am looking to for a house to buy. I have found a house i like.House build in 2003, and was sold for 250,000Now it is on sale for 115,000.TAX is $9200 for that house as per tax year 2010.My question is, if I buy this house for 115,000 what would be the property tax? does the property tax depends on the price i pay for the house? Few houses listed for 300,000 also paying about 8,000 property tax, So i am confused. Can any one help me to understand how this works?August 02 2012 - Round Lake00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.