Instructions for Industrial Schedules

              Illinois Department of Revenue
Brian Hamer, Director
Publication 127 August 2006
Instructions for Industrial Schedules
The information in this publication is
current as of the date of the publication.
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 clarification or more
detail. All of the sections and parts
referenced can be found at 35 ILCS
200/1 et seq.
About this publication
Pub-127, Instructions for Industrial 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 officers relative to the performance of their duties.”
This publication includes schedules for industrial buildings by square foot (SF)
cost, pre-engineered steel building shells, component-in-place (CIP) method, and
grain elevators. The pricing schedules here have been developed to help asses-sors
estimate the replacement cost of typical industrial structures. 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 Pub-127 1
Industrial square foot schedules
Instructions 1
Base price schedules 4
Subsidiary schedules 5
Industrial REL Table
Instructions 8
REL Table 9
Sample appraisal by SF cost 10
Pre-engineered steel building
shell schedules 12
Subsidiary schedules 13
Sample Appraisal 14
Component-in-place (CIP) schedules
Sample appraisal 16
Index of CIP schedules 19
CIP schedules 20
Grain elevators
Instructions 36
Schedules 37
For information or forms 40
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 floor area
SFGA Square foot ground area
SFSA Square foot surface area
WH Wall height
Note: For definitions of common construction terms used in this publication, see
Publication 124, Construction Terminology.
Industrial Square Foot Schedule Instructions
The industrial square foot schedule was designed from the component-in-place
(CIP) schedules. This was accomplished by constructing hypothetical model
buildings of a variety of wall types combined with a variety of structural frames. All
of the model buildings were 150’ x 300’ with a 16’ wall height on the first story and
12’ wall heights on upper stories. The roof design was flat. In structural framed
buildings, the frame bay sizes did not exceed 1,200 SF.