Per the Lake County Assessor's website the current 2008 tax bill for 762 N. Summit was $3,596.04. The 2008 assessed value was $51,328 and the fair market value per the assessor was $153,984. There was a sale recorded for this property on 12/18/08 for $390,000. The 2009 assessed vaalue is $138,337 which means the fair market value per the assessor will be approximately $415,011. The tax rate for 2008 was 7.006. The tax rate for 2009 hasn't been determined yet. If the tax rate remains the same for 2009, the real estate taxes will be approximately $9,691.89 (138,337 x .07006). Not included in this is any limited homestead, home improvement, senior homstead or senior freeze exemptions.
I am very familiar with Aspen Pointe and have sold and rented several properties in the subdivision. Please feel free to call or email me with any questions.