Agencies
Services
Do I qualify for the property tax credit on my individual income tax return if I purchased my home?
- Who qualifies for the property tax credit on the individual income tax return?
- How do I calculate the property tax I paid for credit on my tax return?
- Do I qualify for the property tax credit on my tax return if I sold my home?
- How do I know if I qualify for the Earned Income Tax Credit (EIC)?
- What is “real property” and what is “personal property”?
You may figure a credit for Illinois property you purchased during the preceding year providing you figure only that portion of your taxes that pertains to the time you owned and lived at the property during the preceding year. You may not take a credit for taxes you paid if the seller reimbursed you at the time of closing. You also may not take a credit on your current-year return for property you purchased during the current tax year. 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.
Answers others found helpful
If you have additional inquiries, you may submit them to the Questions, Comments, or Request form.