Moultrie County parcel 04-04-22-229-002
Is the assessment on 312 W North Water St Bethany, IL 61914 fair?
Assessed at $41,924 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
27.4%
of what it sold for (middle half 23.6–31.8%); the statute says 33.33%
This parcel among them
55 of 66
sold homes within half a mile are assessed below it
Their assessed values
$30,938
median; $12,722 to $77,577. This parcel: $41,924
At 23.4% of what you paid, this parcel is assessed about where the neighbours who sold are (27.4%). That is what a fair assessment looks like.
This parcel's own recorded sale: $179,000 in Dec 2025; the current assessment is 23.4% 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 |
|---|---|---|---|---|---|
| 401 W Main St Bethany, IL 61914 | next door | Jul 2024 | $72,000 | $19,053 | 26.5% |
| 409 W North Water St Bethany, IL 61914 | next door | Dec 2023 | $95,000 | $37,511 | 39.5% |
| 502 W North Water St Bethany, IL 61914 | 0.1 mi | Dec 2023 | $95,000 | $28,489 | 30% |
| 505 W Main St Bethany, IL 61914 | 0.1 mi | Jul 2025 | $63,000 | $14,670 | 23.3% |
| 101 W North Water St Bethany, IL 61914 | 0.1 mi | Aug 2025 | $157,000 | $45,690 | 29.1% |
| 505 W South Water St Bethany, IL 61914 | 0.1 mi | Apr 2024 | $72,000 | $18,311 | 25.4% |
| 508 W South Water St Bethany, IL 61914 | 0.2 mi | Nov 2024 | $129,000 | $15,301 | 11.9% |
| 606 W Main St Bethany, IL 61914 | 0.2 mi | Nov 2023 | $115,000 | $37,739 | 32.8% |
| 301 S Jefferson St Bethany, IL 61914 | 0.2 mi | Jul 2026 | $28,000 | $12,722 | 45.4% |
| 612 W Main St Bethany, IL 61914 | 0.2 mi | Sep 2024 | $105,000 | $32,528 | 31% |
| 309 S St John St Bethany, IL 61914 | 0.2 mi | Jul 2026 | $136,500 | $25,586 | 18.7% |
| 611 W South Water St Bethany, IL 61914 | 0.2 mi | Jun 2026 | $53,000 | $26,702 | 50.4% |
| 309 S St John St Bethany, IL 61914 | 0.2 mi | Apr 2026 | $64,000 | $25,586 | 40% |
| 320 S St John St Bethany, IL 61914 | 0.2 mi | Dec 2025 | $95,000 | $28,614 | 30.1% |
| 512 W Robinson St Bethany, IL 61914 | 0.2 mi | Mar 2024 | $50,000 | $34,554 | 69.1% |
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 312 W North Water St Bethany, IL 61914 against what has sold and tell you honestly whether an appeal looks worth the trouble. No cost, no obligation.