State
New York
Year
2007
Variations in Receipt of Benefit
Benefit Varies with Income
Benefit Type
Other
Benefit
For the 2007 and 2008 tax years, the Tax Law provides a middle-class property rebate check. For basic STAR recipients, a rebate is available to homeowners on a sliding scale based on income, with benefits declining as income exceeds $90,000 for upstate homeowners and $120,000 for homeowners in New York City. The percentage benefit decreases, on a sliding scale basis, for homeowners with income up to $250,000. For enhanced STAR recipients, a rebate is available to homeowners that is equivalent to 25% of their 2006-2007 savings.
How is Benefit Disbursed
Other
Eligible Property Type
Residential
Characteristics of Eligible Property
Only residential property is eligible for this program.
Eligibility Criteria
Age
Homeowner
Income Ceiling
Description of Eligibility Criteria
Eligible recipients must be homeowners and for the enhanced program must also be senior citizens. Those receiving the Basic benefit cannot have an income above $250,000.
Local Option in Adoption of Program
Local government is unable to exercise an option
Local Option Regarding Program Features
No local option regarding program features
State Funding for Local Tax Loss
State reimburses all of the local government tax loss
Description of State Funding for Tax Loss
For the Enhanced version of this program, rebate checks are mailed directly to recipient. For Basic portion of this program, recipients must apply directly to the New York State Department of Taxation and Finance to receive the tax relief.
Record ID
NY111_RR07