In this paper, two linear modeling techniques are presented for regulating the liquid height in two tank - two variable system (TT-TVS). Initially, the nonlinear dynamics of TT-TVS are linearized using the Taylor series linearization technique. However, this method reveals that some parameters of TT-TVS are inexact, necessitating the adoption of system identification techniques or mathematical approaches to accurately identify the linear dynamics. To address this, two new approaches are proposed: (i) a mathematical approach utilizing real-time input-output data, and (ii) a Linear Variable Parameter Transfer Function (LVPTF) model identification approach, which employs real-time data and MATLAB curve fitting tool. A comparative analysis between the proposed identification techniques and existing methods from the literature is also presented. The results indicate that the LVPTF modeling technique offers superior accuracy in identifying the linear dynamics of TT-TVS.