Yes, you are eligible for the portion you paid.
Am I eligible for a property tax credit?
You will qualify for the property tax credit if:
- your principal residence during the year preceding the tax year at issue was in Illinois, and
- you owned the residence, and
- you paid property tax on your principal residence (excluding any applicable exemptions, late fees, and other charges). See below for other exclusions.
Notes:
- If you are married and both you and your spouse qualify for a property tax credit on your principal residence, and you are filing separate Illinois returns, you may each claim a property tax credit. However, the total amount of credit claimed between both spouses may not exceed 5 percent of the qualifying property tax.
- Illinois property you purchased - You may figure a credit for Illinois property you purchased during 2020 providing you figure only that portion of your taxes that pertains to the time you owned and lived at the property during 2020. 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 2021 return for property you purchased in 2021.
- 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 may not take a credit on your 2021 return for property sold during 2020.
- Nonresidents of Illinois may not take this credit.
Please see this LINK for more information.
