Shelby County parcel 2013-07-15-403-001
Is the assessment on 517 N Wood Shelbyville, IL 62565 fair?
Assessed at $24,184 as residential, Shelbyville 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
29.4%
of what it sold for (middle half 25.5–34.1%); the statute says 33.33%
This parcel among them
9 of 73
sold homes within half a mile are assessed below it
Their assessed values
$42,152
median; $8,969 to $115,006. This parcel: $24,184
Your assessment is lower than most of the 73 homes near you that sold in the last 3 years. There is no case here.
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 |
|---|---|---|---|---|---|
| 607 N Lodge Shelbyville, IL 62565 | next door | May 2026 | $29,000 | $20,155 | 69.5% |
| 505 W N 4TH Shelbyville, IL 62565 | next door | Mar 2026 | $136,500 | $31,871 | 23.3% |
| 422 N Long Shelbyville, IL 62565 | next door | Jun 2026 | $142,500 | $25,180 | 17.7% |
| 501 N Long Shelbyville, IL 62565 | next door | Sep 2025 | $99,000 | $20,544 | 20.8% |
| 613 N Long Shelbyville, IL 62565 | next door | Sep 2025 | $94,000 | $42,160 | 44.9% |
| 708 N Long Shelbyville, IL 62565 | next door | Jul 2026 | $164,900 | $48,597 | 29.5% |
| 417 N Long Shelbyville, IL 62565 | 0.1 mi | Sep 2025 | $63,500 | $27,712 | 43.6% |
| 700 N Lodge Shelbyville, IL 62565 | 0.1 mi | Sep 2026 | $159,900 | $43,399 | 27.1% |
| 603 N Chestnut Shelbyville, IL 62565 | 0.1 mi | Jun 2026 | $78,900 | $19,325 | 24.5% |
| 707 N Chestnut Shelbyville, IL 62565 | 0.1 mi | Aug 2026 | $279,900 | $72,601 | 25.9% |
| 721 N Lodge Shelbyville, IL 62565 | 0.1 mi | Aug 2026 | $166,925 | $45,162 | 27.1% |
| 804 N Long Shelbyville, IL 62565 | 0.2 mi | Feb 2026 | $178,000 | $51,661 | 29% |
| 519 N Walnut Shelbyville, IL 62565 | 0.2 mi | Aug 2026 | $185,000 | $63,017 | 34.1% |
| 509 N Charles Shelbyville, IL 62565 | 0.2 mi | Jun 2026 | $128,000 | $40,534 | 31.7% |
| 501 W N 2ND Shelbyville, IL 62565 | 0.2 mi | Apr 2026 | $70,000 | $18,153 | 25.9% |
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
$1,359 / yr
about $113 a month
Owner-occupied, 65+
$761 / yr
both homestead exemptions
No exemptions
$1,807 / yr
a rental or second home
Assessed value $24,184 × the 2024 rate of 7.47% for tax code 20002 (Shelbyville 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 517 N Wood Shelbyville, IL 62565 against what has sold and tell you honestly whether an appeal looks worth the trouble. No cost, no obligation.