Shelby County parcel 1520-34-16-401-020
Is the assessment on 418 E Main Stewardson, IL 62463 fair?
Assessed at $73,368 as residential, Prairie 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
32.4%
of what it sold for (middle half 29–34.2%); the statute says 33.33%
This parcel among them
17 of 17
sold homes within half a mile are assessed below it
Their assessed values
$31,749
median; $3,660 to $62,495. This parcel: $73,368
Your assessment is higher than 17 of the 17 homes near you that sold in the last 3 years, in a neighbourhood already assessed at 32.4% of what it sells for. Not proof of anything — those homes may simply be smaller — but worth asking about.
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 |
|---|---|---|---|---|---|
| 426 E Main Stewardson, IL 62463 | next door | Aug 2024 | $200,000 | $62,495 | 31.2% |
| 405 E Main Stewardson, IL 62463 | 0.1 mi | Sep 2026 | $172,000 | $38,836 | 22.6% |
| 218 E Main Stewardson, IL 62463 | 0.2 mi | Oct 2025 | $53,000 | $15,373 | 29% |
| 122 N Walnut Stewardson, IL 62463 | 0.2 mi | Jun 2024 | $120,000 | $40,254 | 33.5% |
| 222 E N 2ND Stewardson, IL 62463 | 0.2 mi | Sep 2025 | $64,900 | $3,660 | 5.6% |
| 309 E S 2ND Stewardson, IL 62463 | 0.3 mi | May 2024 | $60,000 | $35,637 | 59.4% |
| 138 S Pine Stewardson, IL 62463 | 0.4 mi | Mar 2025 | $75,000 | $20,329 | 27.1% |
| 322 Chestnut Stewardson, IL 62463 | 0.4 mi | Jul 2024 | $89,000 | $30,473 | 34.2% |
| 113 S Cedar Stewardson, IL 62463 | 0.4 mi | Nov 2025 | $102,000 | $33,457 | 32.8% |
| 209 N Cedar Stewardson, IL 62463 | 0.4 mi | Mar 2024 | $59,900 | $26,976 | 45% |
| 109 W S 2ND Stewardson, IL 62463 | 0.4 mi | Nov 2024 | $35,000 | $11,637 | 33.2% |
| 211 S Cedar Stewardson, IL 62463 | 0.4 mi | Jul 2024 | $124,900 | $44,669 | 35.8% |
| 110 N Cedar Stewardson, IL 62463 | 0.4 mi | Nov 2023 | $91,500 | $31,749 | 34.7% |
| 202 N Cedar Stewardson, IL 62463 | 0.4 mi | Jul 2024 | $98,000 | $17,712 | 18.1% |
| 314 N Cedar Stewardson, IL 62463 | 0.5 mi | Feb 2024 | $125,000 | $38,916 | 31.1% |
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
$4,220 / yr
about $352 a month
Owner-occupied, 65+
$3,719 / yr
both homestead exemptions
No exemptions
$4,596 / yr
a rental or second home
Assessed value $73,368 × the 2024 rate of 6.26% for tax code 15003 (Prairie 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 418 E Main Stewardson, IL 62463 against what has sold and tell you honestly whether an appeal looks worth the trouble. No cost, no obligation.