Beecher City, Shelby County, Illinois Property Taxes

Name: Property Tax Bills Across Beecher City, Shelby County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Beecher City, IL effective property tax rate: 2.15%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Beecher City, IL home value: $71,745
Median annual Beecher City, IL tax bill: $1,295, $1,105 lower than the national median property tax bill of $2,400.

How are property taxes in Shelby calculated?

Property taxes in Beecher City, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Beecher City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Beecher City, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Beecher City, Shelby County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.15%

Estimate Property Tax Bill

$1,543

$1,431

Ownwell’s Beecher City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Beecher City with just two data points. By entering your property's estimated assessed value, our calculator applies Beecher City’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Shelby County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Beecher City, Shelby County, Illinois

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Beecher City’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Beecher City, located in Shelby County, has a median property tax rate of 2.15%. This is significantly higher than the national median property tax rate of 1.02%. Residents in Beecher City face a property tax bill that is notably above the national median of $2400. This high rate impacts homeowners, influencing their financial planning and property investment decisions. Understanding these rates is crucial for property owners aiming to optimize their tax liabilities and make informed decisions about property investments.

Property Tax Rates Across Beecher City, Shelby County, Illinois

Source: Ownwell

1.82%

2.19%

2.57%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Beecher City Tax Rate

2.15%

Median Effective Shelby County Tax Rate

2.20%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Beecher City, Shelby County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62414	0.98%	1.77%	2.15%	2.39%	2.81%

Source: Ownwell

Property Tax Assessment Values Across Beecher City, Shelby County, Illinois

When examining property taxes in Beecher City, IL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Shelby County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Shelby County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Beecher City. For example, the median home price in Beecher City is $71,745, with tax bills ranging significantly across the county. Zip code 62414 has the highest median home price at $71,745.

Property Tax Assessment Values Across Beecher City, Shelby County, Illinois

Source: Ownwell

$65,006

$147,534

$230,062

Median Beecher City Market Value

$71,745

Median Shelby County Market Value

$99,420

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Beecher City, Shelby County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62414	$11,849	$32,398	$71,745	$128,048	$197,641

Source: Ownwell

Property Tax Bills Across Beecher City, Shelby County, Illinois

In Beecher City, nestled in Shelby County, IL, property tax bills are calculated based on the assessed value of homes, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors influencing the tax bill include the property's assessed value, the local tax rate, and any applicable exemptions. In Beecher City, the median home price is $71,745, with tax bills ranging from $463 at the 25th percentile to $4,331 at the 90th percentile. The median tax bill stands at $1,295, slightly above the national median of $2,400, but with a rate lower than the national median rate of 1.02%. This can significantly impact homeowners by affecting their annual expenses. Ownwell assists homeowners by identifying potential savings on their property tax bills through appeals and exemptions. By leveraging expert knowledge of local tax laws and market conditions, Ownwell helps ensure homeowners pay only their fair share, potentially saving them hundreds or even thousands of dollars.

Property Tax Bills Across Beecher City, Shelby County, Illinois

Source: Ownwell

$1,295

$3,351

$5,407

Median Beecher City Tax Bill

$1,295

Median Shelby County Tax Bill

$2,114

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Beecher City, Shelby County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62414	$221	$463	$1,295	$2,580	$4,331

Source: Ownwell