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How do I calculate the property tax credit on my individual income tax return?

You must use the Schedule ICR, Illinois Credits, to calculate your property tax credit. This credit is generally 5% of the property tax you paid during the tax year for real estate that included your principal residence. For more information about the property tax credit, please refer to Publication 108, Illinois Property Tax Credit.

Note: You must include your Property Index Number on Schedule ICR, Illinois Credits, if you are claiming a property tax credit. You may get this number from your property tax bill, your assessment notice, your mortgage lender (if your property taxes are escrowed), or from the county assessor's office in which the property is located. In some counties this number is also referred to as the parcel number or permanent number. Failure to provide this information will result in processing and refund delays.

Note: For tax years beginning on or after January 1, 2017, the Illinois property tax credit is not allowed if a taxpayer's federal adjusted gross income (AGI) exceeds $500,000 for returns with a federal filing status of married filing jointly, or $250,000 for all other returns.

If you have additional inquiries, you may submit them on the Questions, Comments, or Requests form.