Assumption, Shelby County, Illinois Property Taxes
Property Taxes in Assumption, Illinois
Median Assumption, Illinois effective property tax rate: 2.42%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Assumption, Illinois home value: $143,554
Median annual Assumption, Illinois tax bill: $3,013, $613 higher than the national median property tax bill of $2,400.
How are property taxes in Shelby calculated?
Property taxes in Assumption, Illinois are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Assumption's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Assumption, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Assumption, Shelby County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.42%
Estimate Property Tax Bill
$3,474
$3,224
How Does the Assumption Property Tax Calculator Work?
Use this Assumption property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Assumption's median effective tax rate of 2.42% — based on actual property records in Shelby County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Assumption's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Assumption: rates range from 2.42% in 62510 to 2.42% in 62510, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Assumption.
About Assumption Property Taxes
About Property Taxes in Assumption, Shelby, Illinois
Assumption’s median effective property tax rate of 2.42% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Shelby County base levy combined with local school district levies and special service areas that vary by subdivision throughout the city.
Property tax rates are not uniform across Assumption. Homeowners in the 62510 ZIP code carry a median effective rate of 2.42%, while those in the same ZIP code also pay 2.42%. This reflects how school district boundaries and local assessment districts are drawn across Shelby County. Understanding where you live in Assumption can make a meaningful difference to your annual tax bill.
Assumption homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the July 11, 2026 deadline each year.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Assumption, Shelby County, Illinois
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Assumption's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Assumption Tax Rate
2.42%
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Shelby County Tax Rate
1.92%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Assumption, Shelby County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62510 | 1.81% | 2.07% | 2.42% | 2.58% | 2.59% |
Source: Ownwell
Property Tax Assessment Values Across Assumption, Shelby County, Illinois
When examining property taxes in Assumption, Illinois, understanding the distinction between market value and assessed value is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Shelby County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Shelby County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. For example, the median home price in Assumption is $143,554, with a median tax bill of $3,013. The highest median home price is found in 62510.
Property Tax Assessment Values Across Assumption, Shelby County, Illinois
Source: Ownwell
$92,523
$181,191
$269,859
Median Assumption Market Value
$143,554
Median Shelby County Market Value
$135,435
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Assumption, Shelby County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62510 | $60,083 | $78,472 | $143,554 | $227,876 | $280,168 |
Source: Ownwell
Property Tax Bills Across Assumption, Shelby County, Illinois
Property tax bills in Assumption are based on the assessed value of a home, not its market price alone. Local tax rates are applied to that assessed value to determine the final bill, so two homes with similar market values can still owe different amounts if their assessments differ.
In Shelby County, the median home price is $143,554, and the median property tax bill is $3,013, which is above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills can vary widely, with the 25th percentile at $1,648 and the 75th percentile at $5,538. At the high end, the 90th percentile reaches $6,935.
For homeowners, this means property taxes can have a meaningful impact on monthly housing costs and long-term affordability.
Median Assumption Tax Bill
$3,013
Median Shelby County Tax Bill
$2,407
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Assumption, Shelby County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62510 | $678 | $1,648 | $3,013 | $5,538 | $6,935 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 11 |
Links | |
|---|---|
| Shelby Tax Assessor | |
| Website | shelby-il.bhamaps.com |