NEW YORK — Nearly 3 million New Yorkers will soon receive tax relief under the state's School Tax Relief Program (STAR).
New York Gov. Kathy Hochul made the announcement Thursday.
Currently, more than 2 million New Yorkers have already received their STAR tax relief, and nearly 1 million more will receive their benefit in the coming weeks.
“Back-to-school season is also tax relief season for millions of New Yorkers,” Governor Hochul said in a statement. “From tax credits to child care assistance to summer food benefits, we’re continuing to put more money back in the pockets of working New Yorkers to address the cost of living and help families across our state.”
The STAR program provides tax relief to eligible homeowners in New York. How much you receive depends on income level and other factors.
“The STAR program is a crucial lifeline for New Yorkers, helping to alleviate the financial burden of property taxes for homeowners across our state. These tax saving efforts are a testament to our commitment to supporting New York’s working families as they face the pressures of rising living costs. The STAR program continues to be a vital resource for millions of homeowners and seniors, and with the new direct deposit option, we are ma in a statement.
"The Senate Democratic Majority worked closely with Governor Hochul and our colleagues in the Assembly to ensure that, in addition to STAR, we expanded access to child care assistance, increased child tax credit payments, and delivered much-needed food assistance to children across the state. Together, these initiatives reflect our dedication to putting more money back in the pockets of hardworking New Yorkers."
Depending on when you purchased your home, some homeowners receive a check or direct deposit, or a STAR exemption on their annual school tax bill. If you're already enrolled in the STAR program, you do not have to do anything extra to continue receiving the credit or exemption.
“Today’s announcement will provide millions of New Yorkers the additional savings needed to invest and spend on everyday items they need most. Our continued effort to ensure this program is fully funded and easily accessible highlights the Assembly Majority’s commitment to making New York more affordable for families and seniors across the state," Assembly Speaker Carl Heastie said in a statement.
Delivery of the credit is based on timelines of when your school taxes are due. For more information on the STAR program: STAR resource center (ny.gov)