New York Homeowners Urged to Apply for $1,407 Rebate in Latest Stimulus Update

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New York residents seeking to modify their School Tax Relief (STAR) exemption program status, offering relief on a portion of school property taxes or a rebate check for eligible older homeowners, are advised to complete the process by December 31

In New York, there are two distinct STAR programs: the School Tax Relief Program Basic and the Enhanced School Tax Relief.

Beneficiaries cannot concurrently receive benefits from both programs; however, they have the option to transition from the STAR credit to the STAR exemption if they meet the eligibility criteria. 

Although individuals can initiate this switch at any point during the year, submitting the application on or before December 31 ensures that the STAR exemption will be reflected on their school tax bill in the registration year.

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Eligibility for the School Tax Relief Program in New York

New-York-Homeowners-Urged-To-Apply-For-$1,407,-In-Latest-Stimulus-Update
New York residents seeking to modify their School Tax Relief (STAR) exemption program status, offering relief on a portion of school property taxes or a rebate check for eligible older homeowners, are advised to complete the process by December 31.

To qualify, applicants must be 65 or older by December 31 of the exemption year. 

In cases of joint property ownership, only one spouse or family member needs to meet the age requirement. 

The combined income limit for all property owners and resident spouses or registered domestic partners must not exceed $98,700, as outlined by the New York City Department of Finance.

The City of New York administers the Basic STAR exemption, which is reflected on the property tax bill of eligible homeowners. 

This exemption is available to homeowners with incomes below $250,000, without imposing any age restrictions on the property owner.

For those eligible for the Basic STAR program, the average monetary benefit in New York is $778, provided in the form of a check.

Additionally, the State of New York oversees the Enhanced STAR exemption, catering to seniors who meet specific income and eligibility criteria. 

For those eligible for the Enhanced STAR program, the average check in New York is $1,407, with issuance typically by the end of the application year, depending on the year applied.

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