ALBANY, N.Y. (NEXSTAR) — New York homeowners can save on property taxes through the School Tax Relief ( STAR ) program, which can be worth hundreds of dollars. Those who are enrolled are receiving payments now or should receive them by year’s end.
The benefit formula is based on the first $30,000 of the full value of an owner-occupied primary residence. STAR comes in several flavors, covering Basic and Enhanced , exemptions and credits. Under Basic STAR:
- Homeowners of any age are eligible
- The home must be the primary residence
- Maximum household income of $500,000
While under Enhanced STAR (E-STAR):
- At least one homeowner must be 65+ by year’s end
- Household income of $98,700 or less (for 2024), or $107,300 or less (for 2025)
- Basic STAR required
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To check your STAR status, contact the New York State Department of Taxation and Finance or use their property tax credit lookup tool online. New homeowners or those not already enrolled have to apply.