Tower Hill, Shelby County, Illinois Property Taxes
Property Taxes in Tower Hill, Illinois
Median Tower Hill, Illinois effective property tax rate: 2.08%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Tower Hill, Illinois home value: $119,295
Median annual Tower Hill, Illinois tax bill: $2,274, $126 lower than the national median property tax bill of $2,400.
How are property taxes in Shelby calculated?
Property taxes in Tower Hill, 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 Tower Hill's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tower Hill, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Tower Hill, Shelby County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.08%
Estimate Property Tax Bill
$2,481
$2,303
How Does the Tower Hill Property Tax Calculator Work?
Use this Tower Hill property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Tower Hill's median effective tax rate of 2.08% — 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 Tower Hill'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 Tower Hill: rates range from 2.08% in 62571 to 2.08% in 62571, 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 Tower Hill.
About Tower Hill Property Taxes
About Property Taxes in Tower Hill, Shelby, Illinois
Tower Hill’s median effective property tax rate of 2.08% 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 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 Tower Hill. Homeowners in the 62571 ZIP code carry a median effective rate of 2.08%, while those in the lowest ZIP also pay 2.08%. This reflects how school district boundaries and local assessment districts are drawn across Shelby County. Understanding which part of Tower Hill you live in can make a meaningful difference to your annual tax bill.
Tower Hill homeowners who believe their assessed value is too high can file a formal appeal with the 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 Tower Hill, 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 Tower Hill'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 Tower Hill Tax Rate
2.08%
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 Tower Hill, Shelby County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62571 | 1.22% | 1.76% | 2.08% | 2.43% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across Tower Hill, Shelby County, Illinois
When examining property taxes in Tower Hill, 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. Shelby County 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 are sent in the spring each year and 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 Tower Hill is $119,295, with a median tax bill of $2,274. The highest median home price is in 62571, also at $119,295. Compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400, Tower Hill’s median tax bill is slightly lower.
Property Tax Assessment Values Across Tower Hill, Shelby County, Illinois
Source: Ownwell
$92,523
$181,191
$269,859
Median Tower Hill Market Value
$119,295
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 Tower Hill, Shelby County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62571 | $25,572 | $63,142 | $119,295 | $176,534 | $238,029 |
Source: Ownwell
Property Tax Bills Across Tower Hill, Shelby County, Illinois
Property tax bills in Tower Hill are based on the assessed value of a home and the local tax rate set for Shelby County. The assessed value is compared with the market value of the property, and that figure is used to calculate how much tax a homeowner owes each year. For a home with a median price of $119,295, the bill can vary widely depending on the property’s assessment and any local levies that apply.
Homeowners in Tower Hill may see bills that fall below or above the typical range, with the 25th percentile at $975, the 75th percentile at $3,658, and the 90th percentile at $5,300. The median tax bill in ZIP code 62571 is $2,274, which is below the national median property tax bill of $2,400. Because taxes are tied to assessed value, changes in home value or assessment can directly affect what homeowners pay each year.
Median Tower Hill Tax Bill
$2,274
Median Shelby County Tax Bill
$2,407
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Tower Hill, Shelby County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62571 | $408 | $975 | $2,274 | $3,658 | $5,300 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 11 |
Links | |
|---|---|
| Shelby Tax Assessor | |
| Website | shelby-il.bhamaps.com |