If you received a letter regarding your property tax credit: Why did I receive a letter asking me to verify my property tax credit? Why I am receiving this letter if I did not receive it in the past? Schedule ICR Instructions for more information. We review the credits you claim and, if necessary, we may ask you to provide additional information to verify your credits. A list of counties, with contact information, is under the "Individuals" section of our website. You may also get this number from your county assessor's office. If your property taxes are paid through your mortgage, you may contact your lender for your property number. Your property number is found near the top of your property tax bill or assessment notice. You must enter your property number exactly as it appears on your property tax bill or assessment notice. You must enter the amount of property tax paid, the county in which your property is located, and the property number. You may claim the property tax credit on Schedule ICR, Section A. Property tax paid on an out-of-state home. Property tax paid on separately-deeded condominium parking spaces. Homeowner's association dues or fees paid. For example, if you did not pay one or both property tax installments on your 2020 taxes due in 2021, you may not include the portion of the 2020 taxes that you did not pay when figuring your property tax credit on your 2021 Form IL-1040.Īny portion of the property tax paid that is deductible as a business expense.Īccountant fees or lawyer fees paid in association with your property tax. Interest penalties or fees you paid because your property tax installments were paid late.Īny portion of the property tax due that you did not pay in the tax year. For example, if you live with relatives who own the residence and you paid the property tax but you do not own the property, you may not claim a tax credit. Property tax assessed on your principal residence that you do not own, even if you paid the tax. Examples would be a vacation home, a vacant lot, rental property, property outside of Illinois, and farm land. For example, you may not claim a tax credit on property that you do not live in or consider your principal residence. Property tax assessed on property that is not your principal residence. You may not include the following when figuring your property tax credit: What may not be included when I figure a property tax credit? Code 100.2180 for additional qualifying information about the property tax credit. Nonresidents of Illinois may not take this credit.Ĩ6 Ill Adm.You may not take a credit on your 2021 return for property sold during 2020. Illinois property you sold - You may figure a credit for Illinois property you sold in 2021 by combining the 2020 property tax paid in 2021, as well as a portion of the 2021 tax paid based on the time you owned and lived at the property during 2021.You also may not take a credit on your 2021 return for property you purchased in 2021. You may not take a credit for taxes you paid if the seller reimbursed you at the time of closing.
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