Instructions for Commercial Schedules

              Illinois Department of Revenue
Brian Hamer, Director
Publication 126 May 2010
Instructions for Commercial Schedules
The information in this publication
is current as of the date of the pub-lication.
Please visit our web site at
tax.illinois.gov to verify you have the
most current revision.
The contents of this publication are
informational only and do not take
the place of statutes, rules, or court
decisions. For many topics covered in
this publication, we have provided a
reference to the Illinois Property Tax
Code for further clarifi cation or more
detail. All of the sections and parts
referenced can be found at 35 ILCS
200/1 et seq.
About this publication
Pub-126, Instructions for Commercial Schedules, is issued according to
Section 8-5 of the Property Tax Code which states, “The Department shall confer
with, advise and assist local assessment offi cers relative to the performance of
their duties.”
The pricing schedules in this publication have been developed to help assessors
estimate the replacement cost of typical commercial structures, as well as apart-ments,
motels and hotels, fast-food restaurants, convenience stores, gasoline
service stations, and banks. The assessor’s professional judgement still greatly
affects the outcome of this system.
Get forms and other information faster and easier at tax.illinois.gov
Contents
Acronyms used in Publication 126 1
Commercial building photographs 3
Commercial square foot schedules
Schedules 4
Subsidiary schedules 10
REL Table instructions 11
REL Table 12
Sample appraisal 13
Apartment Schedules 15
Motel-Hotel Schedules
Instructions 24
Schedules 26
Senior housing - assisted living
schedules 28
Branch bank schedules 29
Conv. store/mini-mart schedules 30
Fast food restaurant schedules 31
Subsidiary schedules 32
Special use building cost guide 33
For information or forms 36
Acronyms used in this publication
BPA Base price adjustment
CIP Component-in-place
LB Load bearing
RCN Replacement cost new
REL Remaining economic life
SF Square foot
SFFA Square foot of fl oor area
SFGA Square foot ground area
SFSA Square foot surface area
WH Wall height
Note: For defi nitions of common constructions terms, see Publication 124,
Construction Terms.
Commercial Square Foot Schedule Instructions
The commercial square foot schedule has been developed for costing the typical
mercantile building. The schedule is also appropriate for free-standing mercantile
buildings and pre-engineered steel store and offi ce buildings. Use the component-in-
place (CIP) method for large mercantile installations and high rise offi ce com-plexes.
Cost apartment buildings from the apartment schedule. Buildings that
exceed the schedule size limitations should be costed by using the CIP schedules.