Gays, Shelby County, Illinois Property Taxes

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

Median Gays, IL effective property tax rate: 1.82%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Gays, IL home value: $95,518
Median annual Gays, IL tax bill: $1,835, $565 lower than the national median property tax bill of $2,400.

How are property taxes in Shelby calculated?

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

Last Updated March 1, 2025

Gays, Shelby County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.82%

Estimate Property Tax Bill

$1,738

$1,613

Ownwell’s Gays Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gays with just two data points. By entering your property's estimated assessed value, our calculator applies Gays’ 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 Gays, 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 Gays’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Gays, 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 Gays Taxx Rate

1.82%

Median Effective Shelby County Taxx Rate

2.20%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Gays, Shelby County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61928	1.53%	1.62%	1.82%	2.21%	2.53%

Source: Ownwell

Property Tax Assessment Values Across Gays, Shelby County, Illinois

When examining property taxes in Gays, 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 Gays. For example, the median home price in Gays is $95,518, with tax bills ranging significantly across the county. 61928 has the highest median home price at $95,518.

Property Tax Assessment Values Across Gays, Shelby County, Illinois

Source: Ownwell

$65,006

$147,534

$230,062

Median Gays Market Value

$95,518

Median Shelby County Market Value

$99,420

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Gays, Shelby County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61928	$42,932	$61,815	$95,518	$154,093	$207,667

Source: Ownwell

Property Tax Bills Across Gays, Shelby County, Illinois

In Gays, located in Shelby County, IL, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value. With a median home price of $95,518, the property tax bill in this area can vary significantly. For instance, the tax bill at the 25th percentile is $1,163, while at the 75th percentile, it rises to $3,573, and at the 90th percentile, it reaches $4,243. Compared to the national median property tax bill of $2,400, homeowners in Gays may face higher or lower tax obligations depending on their property's assessed value.

Homeowners can benefit from appealing their property tax assessments to potentially lower their tax bills. This is where Ownwell comes in. By offering expert property tax appeal services, Ownwell can help homeowners navigate the complexities of property tax assessments, identify potential savings, and ensure they are not overpaying on their property taxes.

Property Tax Bills Across Gays, Shelby County, Illinois

Source: Ownwell

$1,295

$3,351

$5,407

Median Gays Tax Bill

$1,835

Median Shelby County Tax Bill

$2,114

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Gays, Shelby County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61928	$748	$1,163	$1,835	$3,573	$4,243

Source: Ownwell