Shelby County parcel 1116-11-04-101-004
Is the assessment on 353 Beyers Lake Est Pana, IL 62557 fair?
Assessed at $66,586 as residential, Oconee 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
34.6%
of what it sold for (middle half 30.3–40%); the statute says 33.33%
This parcel among them
8 of 23
sold homes within half a mile are assessed below it
Their assessed values
$78,697
median; $45,169 to $138,080. This parcel: $66,586
At 31% of what you paid, this parcel is assessed about where the neighbours who sold are (34.6%). That is what a fair assessment looks like.
This parcel's own recorded sale: $215,000 in Apr 2025; the current assessment is 31% 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 |
|---|---|---|---|---|---|
| 354 Beyers Lake Est Pana, IL 62557 | next door | May 2025 | $222,000 | $68,589 | 30.9% |
| 359 Beyers Lake Est Pana, IL 62557 | next door | Aug 2025 | $195,000 | $69,508 | 35.6% |
| 357 Beyers Lake Est Pana, IL 62557 | next door | Jun 2026 | $234,900 | $60,932 | 25.9% |
| 357 Beyers Lake Est Pana, IL 62557 | next door | Jun 2024 | $225,000 | $60,932 | 27.1% |
| 60 Beyers Lake Est Pana, IL 62557 | next door | Feb 2025 | $272,500 | $98,268 | 36.1% |
| 68 Beyers Lake Est Pana, IL 62557 | 0.1 mi | Jul 2026 | $400,000 | $103,433 | 25.9% |
| 62 Beyers Lake Est Pana, IL 62557 | 0.1 mi | Oct 2023 | $217,045 | $91,536 | 42.2% |
| 49 Beyers Lake Est Pana, IL 62557 | 0.2 mi | May 2026 | $250,000 | $96,992 | 38.8% |
| Parcel 1116-11-07-302-009 | 0.2 mi | Aug 2026 | $118,000 | $55,098 | 46.7% |
| 39 Beyers Lake Est Pana, IL 62557 | 0.2 mi | Sep 2026 | $266,000 | $78,697 | 29.6% |
| 607 Beyers Lake Est Pana, IL 62557 | 0.2 mi | Aug 2025 | $134,000 | $55,088 | 41.1% |
| 32 Beyers Lake Est Pana, IL 62557 | 0.2 mi | Jun 2025 | $539,000 | $138,080 | 25.6% |
| 605 Beyers Lake Estates Pana, IL 62557 | 0.2 mi | Aug 2025 | $138,900 | $45,169 | 32.5% |
| 604 Beyers Lake Est Pana, IL 62557 | 0.2 mi | Aug 2024 | $127,000 | $55,092 | 43.4% |
| 603 Golf View Dr Pana, IL 62557 | 0.2 mi | Aug 2024 | $125,000 | $55,092 | 44.1% |
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.
What the assessment costs
What the property tax runs
Owner-occupied
$4,406 / yr
about $367 a month
Owner-occupied, 65+
$3,824 / yr
both homestead exemptions
No exemptions
$4,842 / yr
a rental or second home
Assessed value $66,586 × the 2024 rate of 7.27% for tax code 11001 (Oconee Township), billed in 2025.
The owner-occupied figures take the General Homestead ($6,000 off the assessed value) and Senior Citizens ($8,000) exemptions; the senior freeze, veterans’ and home-improvement exemptions are not shown and can lower a bill further. The rate is the newest the clerk has published; the next levy will move it a little, and a sale can prompt a reassessment. Sources: Shelby County Clerk, Tax Codes and Districts Catalog, 2024 (payable 2025) and the assessor's current file. The bill of record is the treasurer's: Erica Firnhaber, Shelby County Treasurer.
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.
Shelby County Supervisor of Assessments
(217) 774-5579 · Shelby County Courthouse, 301 E Main St, 2nd floor, Shelbyville, IL 62565
the office's page · the Board of Review · PTAB's county sheet
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/Shelby.pdf) and shelbycounty-il.gov, 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 353 Beyers Lake Est Pana, IL 62557 against what has sold and tell you honestly whether an appeal looks worth the trouble. No cost, no obligation.