Herrick, Shelby County, Illinois Property Taxes
Property Taxes in Herrick, Illinois
Median Herrick, Illinois effective property tax rate: 2.00%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Herrick, Illinois home value: $95,385
Median annual Herrick, Illinois tax bill: $1,578, $822 lower than the national median property tax bill of $2,400.
How are property taxes in Shelby calculated?
Property taxes in Herrick, 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 Herrick's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Herrick, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Herrick, Shelby County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2%
Estimate Property Tax Bill
$1,908
$1,770
How Does the Herrick Property Tax Calculator Work?
Use this Herrick property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Herrick's median effective tax rate of 2.00% — based on actual property records in Shelby County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Herrick'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 Herrick: rates range from 2.00% in 62431 to 2.00% in 62431, 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 Herrick.
About Herrick Property Taxes
About Property Taxes in Herrick, Shelby, Illinois
Herrick’s median effective property tax rate of 2.00% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Shelby County levy combined with local school district levies and special service areas that can vary by subdivision throughout the city.
Property tax rates are not uniform across Herrick. Homeowners in the 62431 ZIP code carry a median effective rate of 2.00%, and the same ZIP also reflects the city’s median tax bill of $1,578. This shows how local school district boundaries and assessment districts shape what homeowners pay in Shelby County.
Herrick homeowners who believe their assessed value is too high can file a formal appeal with the Shelby County Tax Assessor before July 11, 2026.
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 Herrick, 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 Herrick'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 ÷ 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 Herrick Tax Rate
2.00%
Our median effective property tax rate (tax bill ÷ 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 Herrick, Shelby County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62431 | 1.03% | 1.67% | 2.00% | 2.20% | 2.25% |
Source: Ownwell
Property Tax Assessment Values Across Herrick, Shelby County, Illinois
When examining property taxes in Herrick, 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 when notices are sent.
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 Herrick is $95,385, with tax bills ranging significantly across the county. ZIP code 62431 has the highest median home price at $95,385.
Property Tax Assessment Values Across Herrick, Shelby County, Illinois
Source: Ownwell
$92,523
$181,191
$269,859
Median Herrick Market Value
$95,385
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 Herrick, Shelby County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62431 | $17,874 | $46,622 | $95,385 | $159,916 | $217,694 |
Source: Ownwell
Property Tax Bills Across Herrick, Shelby County, Illinois
Property tax bills in Herrick are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the tax rate to that assessed value to determine the annual bill, so changes in assessment can directly affect what homeowners owe.
Several factors shape the final amount, including the home’s assessed value, local tax rates, and any exemptions a homeowner may qualify for. With a median home price of $95,385, property taxes can still vary widely from one household to another depending on how the property is assessed and where it is located within Shelby County.
For many homeowners, the result is a bill that can feel significant relative to home value. The 25th percentile tax bill is $787, while the 75th percentile is $3,136 and the 90th percentile reaches $4,313. In ZIP code 62431, the median tax bill is $1,578, which is below the national median property tax bill of $2,400.
Median Herrick Tax Bill
$1,578
Median Shelby County Tax Bill
$2,407
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Herrick, Shelby County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62431 | $268 | $787 | $1,578 | $3,136 | $4,313 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 11 |
Links | |
|---|---|
| Shelby Tax Assessor | |
| Website | shelby-il.bhamaps.com |