Grants directory
Illinois Property Tax Credit
Illinois Department of Revenue · State program
5% of Illinois property tax paid on a principal residence.
Illinois gives a state income tax credit equal to 5% of Illinois property tax paid on a principal residence. It is not a home-hardening incentive, but it is the only clearly current statewide tax benefit in the official materials reviewed that directly reduces homeowner carrying costs.
Program details
How it works
Illinois allows a property tax credit on the individual income tax return for property tax paid on a principal residence. The credit is based on the Illinois property tax paid during the year.
What the money covers
The official publication says the credit is equal to 5% of Illinois property tax paid. It is a tax credit against income tax, not a reimbursement for mitigation work.
Limits and special cases
The publication notes that for tax years beginning on or after January 1, 2017, the credit is not allowed if adjusted gross income exceeds $500,000 for married filing jointly returns, or $250,000 for all other returns.
How to apply
Homeowners claim the credit on their Illinois income tax return using the rules in the publication. The page reviewed does not provide a separate application process for the credit.
Full eligibility details
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