Changes to NYS STAR Property Tax Relief

The Basic and Enhanced STAR benefits save most New York homeowners hundreds of dollars. For homeowners that purchased their home after August 1, 2015, instead of receiving a STAR “exemption” you will be receiving a STAR “credit” which is issued in the form of a check from New York State. The same is true for co-op owners – instead of a deduction on your monthly maintenance bill, you will be receiving a check in the mail. For more information, check out Questions and answers for homeowners about the new STAR Credit Program

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s