The School Tax Relief (STAR) program offers property tax relief to eligible New York State homeowners. There are two versions. The STAR exemption subtracts the value of the exemption from your School tax bill. STAR credit recipients will receive a check from New York State for the amount of the STAR credit for their particular school district. You must own your home, it must be your primary residence and the combined income of the owners and owners' spouses is $500,000 or less.
Homeowners who have owned their primary residence before 2015 will be able to continue receiving the STAR exemption if they choose. The amount of the STAR exemption is now locked and will not change. No new homeowners will be added to this program.
All new homeowners may apply for the STAR credit. The amount of the credit check is determined by the school district that the home is located in and the amount of the credit can increase by as much as 2% each year. Individuals who have owned their homes since before 2015 may decide to switch to the STAR credit.