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To claim only the property tax rebate, older adults must complete and submit Form IL-1040-PTR, either by mail or electronically through MyTax Illinois, on or before Oct. 17, 2022.
What is the Illinois Property Tax Credit? The Illinois Property Tax Credit is a credit on your individual income tax return equal to 5 percent of Illinois Property Tax (real estate tax) you paid on your principal residence. You must own and reside in your residence in order to take this credit.
Under the Illinois Family Relief Plan passed by the Illinois House and Senate, one-time individual income and property tax rebates are being issued to taxpayers who meet certain requirements.
Most senior homeowners are eligible for this exemption if they are 65 years of age or older (born in 1956 or prior) and own and occupy their property as their principal place of residence.
Taxpayers whose primary residence is a single-family home, townhouse, condominium, co-op or apartment building (up to six units) are eligible. First-time applicants must have been the occupants of the property as of January 1 of the tax year in question.
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Be 65 years of age or older. Have owned and occupied the home as their principal residence on Jan. 1 of the past two years. Have a total household income of $65,000 or less.
The 2021 personal exemption amount is $2,375. The original due date for filing your 2021 Form IL-1040 and paying any tax you owe is April 18, 2022, unless you are claiming disaster relief due to the December 2021 tornadoes.
Be 65 years of age or older. Have owned and occupied the home as their principal residence on Jan. 1 of the past two years. Have a total household income of $65,000 or less.
You can get your property taxes lowered by proving that your house is worth less than the assessor says it is. To do this, you have to appeal to your local board of review. You can find contact information for your local board of review on the Illinois Property Tax Appeal Board website.
Filing requirements vary by county; some counties require an initial Form PTAX-324, Application for Senior Citizens Homestead Exemption, or a Form PTAX-329, Certificate of Status Form for Senior Citizens Homestead Exemption (annual renewal application) to be filed with the Chief County Assessment Office.

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