The New York Homeowner Tax Benefit for STAR (School Tax Reduction) is a program that provides tax relief to eligible homeowners in New York State. This program offers a partial exemption from school taxes, which lowers the amount of school tax paid on the primary residence of eligible homeowners. This exemption is available to both new and current homeowners. There are two types of New York Homeowner Tax Benefit for STAR: Basic STAR and Enhanced STAR. Basic STAR offers an exemption of up to $30,000 of the full value of a primary residence from school taxes. Enhanced STAR offers an additional exemption of up to 50% of the full value of a primary residence from school taxes, with a maximum of $65,000. Eligibility for Enhanced STAR is restricted to senior citizens (age 65 or over) with an annual household income of less than $86,300. In order to receive the New York Homeowner Tax Benefit for STAR, eligible homeowners must apply for the Basic STAR exemption with their local assessor. Enhanced STAR applicants must apply through the New York State Department of Taxation and Finance.
The New York Homeowner Tax Benefit for STAR (School Tax Reduction) is a program that provides tax relief to eligible homeowners in New York State. This program offers a partial exemption from school taxes, which lowers the amount of school tax paid on the primary residence of eligible homeowners. This exemption is available to both new and current homeowners. There are two types of New York Homeowner Tax Benefit for STAR: Basic STAR and Enhanced STAR. Basic STAR offers an exemption of up to $30,000 of the full value of a primary residence from school taxes. Enhanced STAR offers an additional exemption of up to 50% of the full value of a primary residence from school taxes, with a maximum of $65,000. Eligibility for Enhanced STAR is restricted to senior citizens (age 65 or over) with an annual household income of less than $86,300. In order to receive the New York Homeowner Tax Benefit for STAR, eligible homeowners must apply for the Basic STAR exemption with their local assessor. Enhanced STAR applicants must apply through the New York State Department of Taxation and Finance.
