Shelby County parcel 1116-29-07-209-004
Is the assessment on 16 N Locust Oconee, IL 62553 fair?
Assessed at $21,658 as residential, Oconee 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
28.6%
of what it sold for (middle half 26.9–49%); the statute says 33.33%
This parcel among them
2 of 6
sold homes within half a mile are assessed below it
Their assessed values
$28,423
median; $13,057 to $37,123. This parcel: $21,658
Your assessment sits in the middle of the 6 homes near you that sold in the last 3 years. That is what a fair assessment usually looks like; the question is only 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 |
|---|---|---|---|---|---|
| 301 E S 1ST Oconee, IL 62553 | 0.1 mi | Aug 2025 | $50,000 | $13,057 | 26.1% |
| 103 E S 1ST Oconee, IL 62553 | 0.1 mi | Aug 2024 | $105,000 | $28,056 | 26.7% |
| 200 S Oak St Oconee, IL 62553 | 0.2 mi | Sep 2025 | $123,163 | $36,586 | 29.7% |
| 103 S Chestnut Oconee, IL 62553 | 0.2 mi | Sep 2026 | $135,000 | $37,123 | 27.5% |
| 108 N Walnut Oconee, IL 62553 | 0.2 mi | Mar 2024 | $32,000 | $17,991 | 56.2% |
| 309 S Walnut St Oconee, IL 62553 | 0.4 mi | Dec 2024 | $52,000 | $28,790 | 55.4% |
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+
$586 / yr
both homestead exemptions
No exemptions
$1,658 / yr
a rental or second home
Assessed value $21,658 × the 2024 rate of 7.66% for tax code 11002 (Oconee 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 16 N Locust Oconee, IL 62553 against what has sold and tell you honestly whether an appeal looks worth the trouble. No cost, no obligation.