Shelby County parcel 2013-07-18-306-006
Is the assessment on 516 W N 1ST Shelbyville, IL 62565 fair?
Assessed at $34,922 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
29.7%
of what it sold for (middle half 25.5–36.4%); the statute says 33.33%
This parcel among them
32 of 68
sold homes within half a mile are assessed below it
Their assessed values
$37,752
median; $8,964 to $115,006. This parcel: $34,922
Your assessment sits in the middle of the 68 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 |
|---|---|---|---|---|---|
| 512 W N 1ST Shelbyville, IL 62565 | next door | Jun 2026 | $165,000 | $42,152 | 25.5% |
| 612 W N 1ST Shelbyville, IL 62565 | next door | Oct 2025 | $115,000 | $30,363 | 26.4% |
| 413 W N 1ST Shelbyville, IL 62565 | next door | Jun 2026 | $180,000 | $66,934 | 37.2% |
| 209 N Wood Shelbyville, IL 62565 | next door | Dec 2025 | $165,000 | $40,071 | 24.3% |
| 714 W N 1ST Shelbyville, IL 62565 | 0.1 mi | Jun 2026 | $110,000 | $31,281 | 28.4% |
| 515 W N 2ND Shelbyville, IL 62565 | 0.1 mi | May 2026 | $97,900 | $26,741 | 27.3% |
| 501 W N 2ND Shelbyville, IL 62565 | 0.1 mi | Apr 2026 | $70,000 | $18,153 | 25.9% |
| 507 W N 2ND Shelbyville, IL 62565 | 0.1 mi | Nov 2025 | $112,500 | $28,036 | 24.9% |
| 705 W S 1ST Shelbyville, IL 62565 | 0.1 mi | Apr 2026 | $75,000 | $15,973 | 21.3% |
| 610 W N 3RD Shelbyville, IL 62565 | 0.1 mi | Jan 2026 | $159,000 | $38,110 | 24% |
| 707 W N 2ND Shelbyville, IL 62565 | 0.1 mi | Jul 2025 | $93,000 | $32,058 | 34.5% |
| 803 W Main Shelbyville, IL 62565 | 0.1 mi | Dec 2025 | $125,000 | $38,581 | 30.9% |
| 421 W S 1ST Shelbyville, IL 62565 | 0.1 mi | Aug 2025 | $195,000 | $66,389 | 34% |
| 300 W N 1ST Shelbyville, IL 62565 | 0.2 mi | Feb 2026 | $365,000 | $115,006 | 31.5% |
| 715 W S 1ST Shelbyville, IL 62565 | 0.2 mi | Jul 2025 | $194,500 | $48,680 | 25% |
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
$2,162 / yr
about $180 a month
Owner-occupied, 65+
$1,564 / yr
both homestead exemptions
No exemptions
$2,610 / yr
a rental or second home
Assessed value $34,922 × 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 516 W N 1ST Shelbyville, IL 62565 against what has sold and tell you honestly whether an appeal looks worth the trouble. No cost, no obligation.