Tax Rebates, Reductions

You may have read about 3 different rebates/reductions.

 

1. Basic STAR, Enhanced STAR (Enhanced STAR is available for senior citizens.) - The proposed budget plan has NO impact on the STAR reduction.

 

2. Tax Cap Levy Rebate - This is new this year. In districts that stay under the tax cap, homeowners would receive a rebate based on the amount of property taxes paid the previous year. You can calculate the rebate for your property:

 

school tax paid last year X .0146 = rebate amount

Assessment Homes w/o STAR Basic STAR Enhanced STAR
$100,000.00 $0.00 $28.44 $16.59
$200,000.00 $0.00 $68.71 $56.85

 

 

3. Rebate checks of $350 - Also new this year, NYS will send a check for $350 to families who have children under 18 years of age. The checks will be mailed just before the fall 2014 elections. The proposed budget has NO impact on this rebate.

 

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