Average Tax Assessment in Shelby County
Real Estate Values and Property Tax Valuation in Shelby County, Illinois
Shelby County has 3,794 properties with a cumulative value of $436.1M, representing 0.06% of all real estate value in Illinois. Property taxes in Shelby County totaled $9.3M, with the average homeowner paying $2,458 in property taxes compared to the state average of $5,405. The average property tax rate in Shelby County is 2.14%, lower than the state average of 2.47%. Property taxes are based on the assessed value of the property, which is determined by the local assessor.
In Illinois, property taxes are based on the value of the property as of January 1st. Property owners have the option to appeal their property taxes between June and December, or within 30 days of when the notices are published. Property tax bills are issued on February 1st and July 1st, with the first installment due on June 1st in Cook County. This first installment is estimated at 55% of the prior year's tax bill, with taxes paid in arrears.
Updated November 01, 2023
| Important Links | |
|---|---|
| Shelby Tax Office | (936) 598-4441 |
| TexasFile Clerk Records | - |
| Shelby Appraisal District | (936) 598-6171 |
| Shelby Property Valuation | (502) 633-4403 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Tax Appeal Deadline: | June - December or 30 days after notices are published |
| Property Tax Bills Issued: | February 1st and July 1st |
| Real Property Tax Bill Due (1st of #): | June, Two installments but due dates may vary by county March 1st, Cook County - 1st half installment, estimated at 55% of prior year tax bill with taxes paid in arrears. |
| Real Property Tax Bill Due (2nd of #): | September, Two installments but due dates may vary by county August 1, Cook County - 2nd half installment - TARGETED but may be delayed - due 30 days after being issued. Reconciled installment using the BOR certified AV, actual local tax rate, and final state equalization factor, less the estimated 1st installment with taxes paid in arrears |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Shelby County
Residential Property Taxes by Cities in Shelby County
Shelby County has an average property tax rate of 2.14%, which is slightly lower than the national average of 2.18%. This rate is applied to the assessed value of a property to calculate the total property taxes due. Property taxes collected in Shelby County in 2023 are estimated to be around $9.3 million.
Property tax rates vary across the cities in Shelby County. Tower Hill has the highest effective property tax rate at 2.23%, while Windsor has the lowest effective property tax rate at 1.92%. The average property tax bill in Shelby County is estimated to be around $2,458. Property taxes are an important source of revenue for local governments in Shelby County, and understanding the differences in property tax rates across cities can help homeowners make informed decisions when buying or selling a home.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Shelby County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Shelbyville | $19,889 | $48,780 | $99,423 | $161,306 | $209,609 |
| Tower Hill | $18,062 | $43,668 | $86,004 | $129,543 | $183,451 |
| Windsor | $22,685 | $61,990 | $113,847 | $178,953 | $238,687 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Shelby County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Shelbyville | $419 | $1,028 | $1,967 | $3,266 | $4,389 |
| Tower Hill | $360 | $720 | $1,819 | $2,995 | $4,544 |
| Windsor | $497 | $1,000 | $2,090 | $3,430 | $5,163 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Shelbyville | 2.11% | 2.11% | 1.98% | 2.02% | 2.09% |
| Tower Hill | 1.99% | 1.65% | 2.12% | 2.31% | 2.48% |
| Windsor | 2.19% | 1.61% | 1.84% | 1.92% | 2.16% |
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Real Estate Values in Shelby County
The median home price in Shelby County, Illinois has seen an increase of 22.80% from October 2022 to October 2023, rising from $125.0K to $153.5K. This indicates a strong trend of rising home prices in the area. However, the home inventory in Shelby County has decreased slightly from 43 in October 2022 to 42 in October 2023. This suggests that the demand for homes in the area is outpacing the supply, which is likely contributing to the increase in home prices.
Average Home Value in Shelby County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Shelby County
Last updated: November 2023
Percent Change in New Home Listings in Shelby County
Last updated: November 2023
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Mortgage Rates in Shelby County
Mortgages in Shelby County are a major factor in the local economy. The total outstanding loan amount across home mortgages in Shelby County is $9.6M, with 66 outstanding loans. This represents a significant portion of the total home value in the county. The median mortgage rate in Shelby County varies across cities, with Tower Hill having the highest rate at 4.25%, and Windsor having the lowest rate at 3.84%. This variation in rates across counties can be beneficial for those looking to purchase a home in Shelby County, as it allows them to shop around for the best rate.
Overall, mortgages in Shelby County are a major factor in the local economy, and the variation in rates across cities can be beneficial for those looking to purchase a home in the county. With a total outstanding loan amount of $9.6M and 66 outstanding loans, Shelby County is a great place to find a home and secure a mortgage.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Shelby County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Shelbyville | $55,420 | $86,633 | $123,889 | $147,583 | $203,921 |
| Tower Hill | $135,630 | $144,661 | $180,358 | $215,410 | $244,635 |
| Windsor | $93,285 | $133,164 | $199,738 | $256,352 | $288,448 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Shelby County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Shelbyville | 2.84% | 3.60% | 3.93% | 4.25% | 4.54% |
| Tower Hill | 2.87% | 3.85% | 4.25% | 4.80% | 5.25% |
| Windsor | 3.10% | 3.44% | 3.84% | 4.45% | 4.75% |
Housing Expenses in Shelby County, Illinois
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