Form PTAX-762, Application for Model Home Assessment, is the application a property owner files to request an alternative assessment for a home used only as a model for prospective buyers. In Rock Island County, Illinois, it goes to the Chief County Assessment Officer (CCAO), the Rock Island County assessor's office, and it must be filed again every year. On FillingPDF you can fill out the form online and download or print the completed PDF; the county publishes the original at rockislandcountyil.gov, and the signed, notarized form is mailed to the CCAO.
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What is PTAX-762?
Form PTAX-762, Application for Model Home Assessment, is the verified application that the owner of a single-family residence, town home or condominium used solely as a model home files with the Chief County Assessment Officer (CCAO) to request an alternative assessment for that property.
The Rock Island County page describes the rule behind it. When a dwelling, town home or condominium unit is finished in the current assessment year, is not occupied as a dwelling and is used as a display or demonstration model for prospective buyers, the assessed value of the property is the same as its assessed value before construction. The county page links this application as the Model Home Assessment Exemption Form.
The form asks for the owner, the model home address, an optional separate address for notices, the assessment year, the date the property began to be used as a model home, the property type, whether you have other model home assessments in the county, and the parcel number. It ends with a statement under penalties of perjury and a notary block. A box at the bottom is reserved for the CCAO.
The same PDF also contains Form PTAX-762-C, Certificate of Ineligibility for Model Home Assessment. That is a separate form you file when any part of the property stops qualifying. The printed edition is marked TAX-762 (R-09/03), IL-492-3076.
Who needs to file PTAX-762?
The owner, or the person liable for taxes on the property, files Form PTAX-762 when the property is used as a model home and the owner wants the model home assessment for a given year.
The form sets these conditions:
- The property must be a single-family residence, town home or condominium.
- It must be used solely as a model home for prospective buyers and not be occupied as a dwelling. It may hold furnishings, appliances, offices and office equipment that support sales.
- No more than three model homes can be located at the same time within a three-mile radius. The center of that radius is the model home that has been used for that purpose the longest.
- No model home can be used for model home purposes for longer than ten years.
- The Rock Island County page adds that no corporation, individual sole proprietor or partnership may have more than three model homes, town homes or condominium units at the same time within a three-mile radius.
The property owner or an authorized representative signs the form. Do not use it for a home that is lived in. If any part of the property no longer qualifies, file Form PTAX-762-C instead of renewing.
When to file PTAX-762
File Form PTAX-762 every year, on or before December 31 of the assessment year for which you want the model home assessment. The PDF prints April 30 for Cook County and December 31 for all other counties, and the Rock Island County page states December 31.
The form warns that failing to file on time results in waiver of the model home assessment for that year. Because the filing is annual, an application for one year does not cover the next.
A separate trigger applies when a property stops qualifying. If any portion no longer qualifies as a model home, you must notify the CCAO within 60 days by completing Form PTAX-762-C, Certificate of Ineligibility for Model Home Assessment. The form also limits any model home to ten years of model home use.
How to fill out PTAX-762
Enter owner and property details
On line 1, write the property owner's name, the street address of the model home property, the city, the ZIP code and a daytime phone number. The state is preprinted as IL.
Add a separate notice address
On line 2, fill in the name, mailing address, city, state, ZIP code and daytime phone number only if notices should go somewhere other than the address on line 1.
Enter the assessment year
On line 3, write the assessment year for which you are requesting the model home assessment.
Enter the model home start date
On line 4, write the date the property began to be used for model home purposes.
Select the property type
On line 5, mark Single-family residence, Town home or Condominium.
Answer the other assessments question
On line 6, mark Yes or No for whether you have applied for other model home assessments in this county.
Enter the parcel number
On line 7a, write the parcel number shown on your property tax bill, which you may also obtain from the CCAO. If you cannot obtain it, write the legal description on line 7b.
Sign and date the form
In Step 2, the property owner or authorized representative signs and dates the statement made under penalties of perjury.
Complete the notary block
The form includes a "Subscribed and sworn to before me" block for the notary public's date and stamp. Leave the CCAO box at the bottom blank.
Review and download the completed PDF
Check the assessment year, parcel number and signatures, then download or print the completed PDF from FillingPDF and mail it as described under How to submit.
How to submit PTAX-762
Form PTAX-762 is submitted by mail to the Rock Island County Chief County Assessment Officer. The form prints no other channel.
- By mail: Rock Island County Chief County Assessment Officer, 1504 3rd Avenue, Rock Island, Illinois 61201.
- Questions or a paper copy: call (309) 558-3660. The county page also says to contact the Chief County Assessors Office with questions or to obtain an application.
Complete the signature and notary block before mailing, because the form states the information is given under penalties of perjury and sworn before a notary public. Mail it early enough to reach the CCAO on or before December 31. Keep a copy. The printed form and the county page mention no fee. FillingPDF lets you fill out and download the PDF; submission follows the channels above.
Common mistakes to avoid
- Filing after December 31 of the assessment year; the form says a late filing results in waiver of the model home assessment for that year.
- Using the April 30 deadline printed for Cook County instead of December 31, which applies in all other counties, including Rock Island County.
- Assuming one application covers later years; the form says you must file it annually.
- Applying for a home that is occupied as a dwelling, or that is not a single-family residence, town home or condominium used solely as a model home.
- Claiming a fourth model home within a three-mile radius at the same time; the limit is three.
- Leaving the signature, the date or the notary block incomplete; the statement is made under penalties of perjury.
- Leaving out the parcel number on line 7a without writing the legal description on line 7b.
- Not filing Form PTAX-762-C within 60 days after any part of the property stops qualifying as a model home.
Frequently asked questions
What is Form PTAX-762 used for?
Form PTAX-762, Application for Model Home Assessment, is used to request an alternative assessment for a single-family residence, town home or condominium that is used solely as a model home for prospective buyers and is not occupied as a dwelling.
When is Form PTAX-762 due in Rock Island County?
On or before December 31 of each assessment year for which you want the assessment. The form prints December 31 for all counties except Cook County, which has April 30. A late filing results in waiver of the model home assessment for that year.
Where do I send Form PTAX-762 to the Rock Island County assessor?
Mail it to the Rock Island County Chief County Assessment Officer, 1504 3rd Avenue, Rock Island, Illinois 61201. For questions, the form lists (309) 558-3660. The form names no other filing channel.
Does Form PTAX-762 need to be notarized?
The form includes a notary block reading "Subscribed and sworn to before me," next to the owner's signature made under penalties of perjury. Complete both the signature and the notary block before you mail it.
How many model homes can I have under this assessment?
No more than three model homes can be located at the same time within a three-mile radius, measured from the model home used for that purpose the longest. No model home can be used as a model for longer than ten years.
What if my property no longer qualifies as a model home?
Notify the CCAO within 60 days by completing Form PTAX-762-C, Certificate of Ineligibility for Model Home Assessment. Its reasons include occupancy as a dwelling, sale or lease for other use, and more than three model homes within a three-mile radius.
Do I have to file Form PTAX-762 every year?
Yes. The form says you must file it annually with the CCAO. Each filing is for one assessment year, which you write on line 3, so a missed year means the assessment is waived for that year.
Can I fill out Form PTAX-762 online on FillingPDF?
Yes. You can fill out the PDF online on FillingPDF and download or print it. FillingPDF is an independent service and does not file the form; you mail it to the CCAO yourself.
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