Moultrie County parcel 04-04-22-203-006
Is the assessment on 16 Iola Ct Bethany, IL 61914 fair?
Assessed at $23,554 as residential, MARROWBONE 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
26.5%
of what it sold for (middle half 23.5–29.9%); the statute says 33.33%
This parcel among them
4 of 35
sold homes within half a mile are assessed below it
Their assessed values
$34,363
median; $14,670 to $62,661. This parcel: $23,554
At 22.4% of what you paid, this parcel is assessed about where the neighbours who sold are (26.5%). That is what a fair assessment looks like.
This parcel's own recorded sale: $105,000 in Aug 2025; the current assessment is 22.4% of that. A recent arm's-length sale of the property itself is the evidence a Board of Review weighs most.
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 |
|---|---|---|---|---|---|
| 6 Iola Ct Bethany, IL 61914 | next door | Feb 2024 | $119,000 | $34,363 | 28.9% |
| 7 Lane Dr Bethany, IL 61914 | next door | Jul 2025 | $115,000 | $27,995 | 24.3% |
| 8 Iola Ct Bethany, IL 61914 | next door | Apr 2025 | $147,500 | $38,397 | 26% |
| 8 Iola Ct Bethany, IL 61914 | next door | Mar 2024 | $135,000 | $38,397 | 28.4% |
| 8 Lane Dr Bethany, IL 61914 | next door | Nov 2023 | $115,000 | $29,480 | 25.6% |
| 12 Iola Ct Bethany, IL 61914 | next door | Aug 2026 | $132,000 | $35,464 | 26.9% |
| 601 N Worth Bethany, IL 61914 | next door | Nov 2024 | $109,000 | $32,355 | 29.7% |
| 11 Iola Ct Bethany, IL 61914 | next door | Jan 2026 | $163,900 | $33,075 | 20.2% |
| 398 State Hwy 121 Bethany, IL 61914 | 0.1 mi | Jul 2025 | $210,000 | $58,015 | 27.6% |
| 408 N Jefferson St Bethany, IL 61914 | 0.1 mi | Apr 2025 | $118,000 | $34,003 | 28.8% |
| 414 N St John St Bethany, IL 61914 | 0.2 mi | Jul 2026 | $239,900 | $50,537 | 21.1% |
| 114 E North St Bethany, IL 61914 | 0.2 mi | Apr 2026 | $215,000 | $49,824 | 23.2% |
| 410 N Church St Bethany, IL 61914 | 0.2 mi | Jun 2024 | $85,000 | $26,061 | 30.7% |
| 220 E North St Bethany, IL 61914 | 0.2 mi | Jul 2025 | $125,000 | $31,231 | 25% |
| 319 N Church St Bethany, IL 61914 | 0.3 mi | Jul 2025 | $169,900 | $38,496 | 22.7% |
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.
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.
Moultrie County Supervisor of Assessments
(217) 728-4951 · Moultrie County Courthouse, 10 S Main St, Sullivan, IL 61951
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/Moultrie.pdf), 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 16 Iola Ct Bethany, IL 61914 against what has sold and tell you honestly whether an appeal looks worth the trouble. No cost, no obligation.