Shelby County parcel 0723-16-18-311-005
Is the assessment on 27 S Adams Herrick, IL 62431 fair?
Assessed at $20,580 as residential, Herrick 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
33.6%
of what it sold for (middle half 25.6–42.1%); the statute says 33.33%
This parcel among them
7 of 19
sold homes within half a mile are assessed below it
Their assessed values
$26,799
median; $6,107 to $52,240. This parcel: $20,580
Your own sale is the strongest evidence there is: at 45.7% of what you paid, this parcel is assessed well above the 33.6% the neighbours who sold are. That is worth asking about.
This parcel's own recorded sale: $45,000 in Jan 2025; the current assessment is 45.7% of that. A recent arm's-length sale of the property itself is the evidence a Board of Review weighs most.
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 |
|---|---|---|---|---|---|
| 23 S East Ave Herrick, IL 62431 | next door | Jul 2024 | $40,000 | $10,842 | 27.1% |
| 211 E Main Herrick, IL 62431 | 0.1 mi | Jun 2025 | $85,000 | $28,128 | 33.1% |
| 8 East St Herrick, IL 62431 | 0.2 mi | Apr 2024 | $35,000 | $18,625 | 53.2% |
| 502 E South Herrick, IL 62431 | 0.2 mi | Nov 2024 | $100,000 | $33,589 | 33.6% |
| 108 E North Herrick, IL 62431 | 0.2 mi | Oct 2023 | $72,000 | $28,957 | 40.2% |
| 21 N East Ave Herrick, IL 62431 | 0.3 mi | Mar 2025 | $135,000 | $24,469 | 18.1% |
| 508 E South Herrick, IL 62431 | 0.3 mi | Jun 2024 | $199,000 | $47,798 | 24% |
| 602 E South Herrick, IL 62431 | 0.3 mi | Feb 2024 | $120,000 | $38,038 | 31.7% |
| 24 N Austin Ave Herrick, IL 62431 | 0.3 mi | Aug 2026 | $60,000 | $6,107 | 10.2% |
| 23 N Myers Ave Herrick, IL 62431 | 0.3 mi | May 2025 | $57,000 | $21,134 | 37.1% |
| Po Box 235 Herrick, IL 62431 | 0.3 mi | Apr 2026 | $115,000 | $48,616 | 42.3% |
| 100 N Austin Herrick, IL 62431 | 0.3 mi | Jul 2025 | $85,000 | $37,366 | 44% |
| 408 E N 1ST Herrick, IL 62431 | 0.4 mi | Sep 2026 | $43,000 | $26,799 | 62.3% |
| 408 E N 1ST Herrick, IL 62431 | 0.4 mi | Dec 2025 | $52,500 | $26,799 | 51% |
| 508 W North Herrick, IL 62431 | 0.4 mi | Apr 2024 | $125,000 | $52,240 | 41.8% |
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
$1,199 / yr
about $100 a month
Owner-occupied, 65+
$541 / yr
both homestead exemptions
No exemptions
$1,692 / yr
a rental or second home
Assessed value $20,580 × the 2024 rate of 8.22% for tax code 07002 (Herrick 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 27 S Adams Herrick, IL 62431 against what has sold and tell you honestly whether an appeal looks worth the trouble. No cost, no obligation.