Form IL-1040-PTR, Property Tax Rebate Form

Rate

(4.9 / 5) 40 votes
Form IL-1040-PTR, Property Tax Rebate Form - Thumbnail

What was Form IL-1040-PTR?

Form IL-1040-PTR, Property Tax Rebate Form, was an Illinois Department of Revenue form for requesting a one-time property tax rebate. The Department's Informational Bulletin FY 2022-27 of June 2022 says that the property tax rebate and an individual income tax rebate were created by Public Act 102-0700, referred to as the Illinois Family Relief Plan.

What was the rebate?

According to the bulletin, the rebate was equal to the property tax credit a taxpayer qualified for on the 2021 return, up to a maximum of $300. It was not allowed if adjusted gross income for the taxable year exceeded $500,000 on a return with a federal filing status of married filing jointly, or $250,000 on any other return.

Who had to send the form?

The bulletin sets out who needed the form. Eligible taxpayers who had claimed a property tax credit on their 2021 Form IL-1040 using Schedule ICR needed nothing additional to receive the property tax rebate. Taxpayers who had filed their 2021 Form IL-1040 without Schedule ICR had to complete and submit Form IL-1040-PTR to request the property tax rebate. People who had not filed Form IL-1040 for 2021 and wanted only the property tax rebate also had to complete and submit Form IL-1040-PTR, while those who wanted both the property tax rebate and the income tax rebate had to file Form IL-1040 itself, including Schedule ICR and Schedule IL-E/EIC to report any eligible dependents.

What was the deadline?

The bulletin required the form to be submitted on or before October 17, 2022. A Department reminder sent on October 14, 2022 called Monday, October 17, 2022 the last day to submit information to receive the income tax rebate and the property tax rebate.

Is the form still on the Department's forms page?

The Department's page of current individual income tax forms, headed "2025 Individual Income Tax Forms" when checked in October 2026, does not list Form IL-1040-PTR. The Illinois Property Tax Credit is a separate matter: the Department describes it as a credit on Form IL-1040 equal to 5 percent of the Illinois property tax paid on a principal residence, and says that the taxpayer must own the residence to take it.

Why is there no editor on this page?

This page does not offer the form in the PDFLiner editor, because the date for submitting it passed in 2022.

Please, wait...
We use unpersonalized cookies to keep our site working and collect statistics for marketing purposes. By continuing to use this site, you consent to this policy. Learn more
Accept