You can get information about your property tax benefits, including: Application status, Current benefit amounts, Proposed benefit for the upcoming tax year. This local option prevents any large shift of the property tax burden to the residential class of property owners after a revaluation.Exemption applications must be filed with your local assessor's office. See our Municipal Profiles for your local assessor's mailing address. Senior Citizen Homeowners' Exemption (SCHE). Eligibility. Determine your home's current market value. To apply for the credit, taxpayers must fill out NYC-208 and attach it to their NYS income tax return. Senior Citizens Homeowners' Exemption (SCHE). STAR is the New York State School Tax Relief program that provides an exemption from school property taxes for owner-occupied, primary residences. There is currently a property tax exemption for an owner-occupied residence of a qualifying senior or veteran with a disability (homestead exemption)