12 Days Left for New York Homeowners to Apply for STAR Rebate Worth Up to $1,407

There is a 12-day window within which homeowners in New York can apply for a $1,400 or more reimbursement under the School Tax Relief (STAR) exemption program. For some tax years, applications must be submitted by December 31 in order to receive a rebate check or a partial exemption from school property taxes.

Stimulus check this December will be sent to millions of Americans. (Photo: Getty)

Basic and Enhanced Exemptions Explained

There are two types of STAR programs available in New York: the School Tax Relief Program Basic and the Enhanced School Tax Relief. While homeowners can’t receive benefits from both programs simultaneously, they have the option to switch from the STAR credit to the STAR exemption if they meet eligibility criteria.

Applicants have the flexibility to switch from the STAR credit to the STAR exemption at any time during the year. However, applying on or before December 31 ensures that eligible individuals will observe the STAR exemption on their school tax bill in the year they register.

The Basic STAR exemption, administered by New York City, will be reflected on the property tax bill of eligible homeowners. Individuals with incomes below $250,000, regardless of age, can qualify for this exemption, with an average Basic STAR check amounting to around $778 in New York.

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Benefits for Qualifying Seniors Explained

The Enhanced STAR exemption, provided by New York State, offers a more substantial benefit to qualifying seniors based on income and eligibility standards. Seniors aged 65 or older by December 31 of the exemption year, or if the property is jointly owned, only one spouse or family member needs to meet the age criteria. The average Enhanced STAR check in New York amounts to $1,407 and should be issued by year-end, depending on the year of application.

To qualify, applicants must own their primary residence, be at least 65 years old by December 31 of the exemption year, and meet specific income limits. For all property owners and resident spouses or registered domestic partners, the total qualifying income must not exceed $98,700, as outlined by the New York City Department of Finance.

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