The STAR Tax Credit
That mysterious tax credit that seems like it’s only for retired folks, and throws off the tax numbers on Zillow.
What is it?
The School Tax Relief (STAR) Credit is a reimbursement of school property taxes from New York State. It comes in the form of a check via mail every year.
Am I eligible?
If your home is your primary residence, and your income is $500,000 or less, you’re eligible for the Basic STAR Credit. Who knew?!
Additionally, if you’re 65 or older with an income of $92,000 or less, you may be eligible for the Enhanced STAR Credit.
How do I get that check in the mail?
Register online at www.tax.ny.gov/star It’s super straightforward and easy to set up!
Have this info ready to go:
Names and socials for all owners and spouses
School district name where your home is located
Approximate date you purchased, and name of the sellers
Your most recent school tax bill if you’ve received one
Address of any residential property owned in another state
If your home is in a trust or LLC, the name of the trust or LLC
Most recent tax return
Ready to start your search?