Shelby County parcel 0221-01-06-101-008
Is the assessment on 882 N 3540 East Rd Neoga, IL 62447 fair?
Assessed at $53,362 as residential, Big Spring Township. Below: how the homes near it that actually sold are assessed against what they sold for, and where this one sits among them. Two facts from the county's own record — not an opinion of value, which is what an appeal ultimately needs and what we will give you if you ask.
How the neighbourhood is assessed
19.7%
of what it sold for (middle half 15.6–29.5%); the statute says 33.33%
This parcel among them
10 of 12
sold homes within half a mile are assessed below it
Their assessed values
$27,868
median; $8,540 to $119,709. This parcel: $53,362
Your assessment is higher than 10 of the 12 homes near you that sold in the last 3 years. The neighbourhood is assessed at 19.7% of what it sells for, under the statutory third, so sitting above the neighbours is not by itself over-assessment; what matters is whether those homes are like yours.
The homes that sold near it
Arm's-length sales recorded with the county in the last 3 years, nearest first, with the assessed value the county carries for each today. Whether any of them is like this house — size, age, condition — is the question the record cannot answer and an appeal turns on.
| Parcel | Distance | Recorded | Price | Assessed | Ratio |
|---|---|---|---|---|---|
| 890 N 3540 East Rd Neoga, IL 62447 | next door | May 2026 | $150,000 | $22,739 | 15.2% |
| Parcel 0221-01-00-100-009 | next door | Sep 2024 | $125,000 | $10,081 | 8.1% |
| 3528 E 860 North Rd Neoga, IL 62447 | 0.2 mi | Jan 2024 | $105,000 | $70,374 | 67% |
| 911 N 3540 East Rd Neoga, IL 62447 | 0.3 mi | Feb 2024 | $43,000 | $8,540 | 19.9% |
| 914 N 3540 East Rd Neoga, IL 62447 | 0.3 mi | May 2025 | $265,000 | $41,551 | 15.7% |
| 914 N 3525 East Rd Neoga, IL 62447 | 0.4 mi | Apr 2024 | $67,000 | $36,700 | 54.8% |
| 886 N 3585 East Rd Neoga, IL 62447 | 0.4 mi | Jul 2024 | $650,000 | $119,709 | 18.4% |
| 918 N 3525 East Rd Neoga, IL 62447 | 0.4 mi | Dec 2024 | $92,000 | $19,361 | 21% |
| 922 N 3525 East Rd Neoga, IL 62447 | 0.5 mi | Dec 2023 | $90,500 | $22,796 | 25.2% |
| 3534 E 930 North Rd Neoga, IL 62447 | 0.5 mi | Jul 2025 | $155,000 | $14,760 | 9.5% |
| 3530 E 930 North Rd Neoga, IL 62447 | 0.5 mi | Nov 2023 | $80,000 | $33,810 | 42.3% |
| 3591 E 888 North Rd Neoga, IL 62447 | 0.5 mi | Jun 2024 | $168,500 | $32,939 | 19.5% |
Prices from PTAX-203 transfer declarations; assessed values from the county assessor's current file (so a home reassessed after its sale shows today's figure against yesterday's price). Not MLS figures. Nothing here names an owner.
What the assessment costs
What the property tax runs
Owner-occupied
$2,653 / yr
about $221 a month
Owner-occupied, 65+
$2,205 / yr
both homestead exemptions
No exemptions
$2,989 / yr
a rental or second home
Assessed value $53,362 × the 2024 rate of 5.60% for tax code 02002 (Big Spring Township), billed in 2025.
The owner-occupied figures take the General Homestead ($6,000 off the assessed value) and Senior Citizens ($8,000) exemptions; the senior freeze, veterans’ and home-improvement exemptions are not shown and can lower a bill further. The rate is the newest the clerk has published; the next levy will move it a little, and a sale can prompt a reassessment. Sources: Shelby County Clerk, Tax Codes and Districts Catalog, 2024 (payable 2025) and the assessor's current file. The bill of record is the treasurer's: Erica Firnhaber, Shelby County Treasurer.
How an appeal actually works here
- Talk to the assessor first. Many differences are a record error — a garage that came down, a square footage that was never right — and get fixed with a phone call, no appeal needed.
- The county Board of Review. A written complaint in the window after the township's assessments are published each year; the office can tell you the dates for this township. Evidence: a recent appraisal, comparable sales, or comparable assessments (the equity argument — the table above is where that starts).
- Then the state. A Board of Review decision can go to the Illinois Property Tax Appeal Board within 30 days of the decision — its forms and rules are on ptab.illinois.gov.
Shelby County Supervisor of Assessments
(217) 774-5579 · Shelby County Courthouse, 301 E Main St, 2nd floor, Shelbyville, IL 62565
the office's page · the Board of Review · PTAB's county sheet
We publish no appeal deadline: the window is set by the township's publication date each year, and the office is the authority on it. Contact details PTAB county sheet (ptab.illinois.gov/counties/Shelby.pdf) and shelbycounty-il.gov, read 2026-09-21.
Ask us to look at it properly
The table above is where an equity argument starts, not where it ends: a Board of Review wants an opinion of market value, and that means someone who has stood in the houses. We will look at 882 N 3540 East Rd Neoga, IL 62447 against what has sold and tell you honestly whether an appeal looks worth the trouble. No cost, no obligation.