Shelbyville, Shelby County, Illinois Property Taxes

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

Median Shelbyville, IL effective property tax rate: 2.16%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Shelbyville, IL home value: $98,832
Median annual Shelbyville, IL tax bill: $2,073, $327 lower than the national median property tax bill of $2,400.

How are property taxes in Shelby County calculated?

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

Last Updated March 1, 2025

Shelbyville, Shelby County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.16%

Estimate Property Tax Bill

$2,135

$1,981

Ownwell’s Shelbyville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Shelbyville with just two data points. By entering your property's estimated assessed value, our calculator applies Shelbyville’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 Shelbyville, Shelby County, Illinois

Local government entities determine tax rates, which can differ significantly within a state. This variation arises because each county annually estimates its required budget to fund services and divides that by the total value of all taxable property within its jurisdiction. This process determines the property tax rate. While setting tax rates and budgets involves votes and laws, this is the fundamental annual process. Below, you can compare Shelbyville’s effective property tax rate to other cities in Illinois, as well as the median property tax rates in Illinois and the U.S. Shelbyville, located in Shelby County, stands out with a property tax rate that is notably higher than the national median of 1.02%. This rate reflects the county's specific budgetary needs and property values. It’s crucial for homeowners in Shelbyville to understand how these rates impact their property tax bills, especially when compared to the national median property tax bill of $2,400. By staying informed, Shelbyville residents can better navigate their property tax obligations and potentially seek assistance if their tax burden seems excessive.

Property Tax Rates Across Shelbyville, 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 Shelbyville Taxx Rate

2.16%

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 Shelbyville, Shelby County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62565	1.48%	1.91%	2.16%	2.47%	2.77%

Source: Ownwell

Property Tax Assessment Values Across Shelbyville, Shelby County, Illinois

When examining property taxes in Shelbyville, 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 Assessor's Office 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 April. 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 Shelbyville.

For example, the median home price in Shelbyville is $98,832, with tax bills ranging significantly across the county. Zip code 62565 has the highest median home price at $98,832.

Property Tax Assessment Values Across Shelbyville, Shelby County, Illinois

Source: Ownwell

$65,006

$147,534

$230,062

Median Shelbyville Market Value

$98,832

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 Shelbyville, Shelby County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62565	$17,032	$48,025	$98,832	$161,275	$209,629

Source: Ownwell

Property Tax Bills Across Shelbyville, Shelby County, Illinois

In Shelbyville, located in Shelby County, IL, property tax bills are calculated based on the assessed value of a home. This assessed value is a percentage of the market value, and local tax rates are applied to this assessed value to determine the tax bill. In Shelbyville, the median home price is $98,832, and property tax bills can vary significantly, ranging from $1,105 at the 25th percentile to $4,608 at the 90th percentile. The median property tax bill stands at $2,073, which is slightly below the national median of $2,400. These taxes are crucial for funding local services such as schools, infrastructure, and emergency services, impacting homeowners by influencing their overall housing costs. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially lowering their tax bills. By analyzing property assessments and market data, Ownwell identifies opportunities for appeals, ensuring homeowners pay only their fair share. This service can lead to significant savings, easing the financial burden on homeowners in Shelbyville.

Property Tax Bills Across Shelbyville, Shelby County, Illinois

Source: Ownwell

$1,295

$3,351

$5,407

Median Shelbyville Tax Bill

$2,073

Median Shelby County Tax Bill

$2,114

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Shelbyville, Shelby County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62565	$434	$1,105	$2,073	$3,391	$4,608

Source: Ownwell