While some New Yorkers have already received their STAR checks, others will see theirs by year’s end.
But when?
Knowing the timing for the influx of funds is vital for many families. And New York state can help a homeowner gain a general idea of when to expect tax relief funds to arrive through the state’s School Tax Relief, or STAR, program, which gives eligible homeowners a break on school property taxes.
Almost 3 million residents will receive $2.2 billion in tax relief this year through the program, under the state Department of Taxation and Finance.
Here’s what you need to know and how to determine when your STAR benefit should arrive:
When should you expect your STAR benefit?
If you qualify for a STAR exemption, or up-front savings that come directly off your tax bill, it would be reflected on your tax bill, which some recipients have already received.
If you receive a STAR credit check or have signed up for the STAR Credit Direct Deposit program instead, you’ll be getting your tax relief soon in most regions of the state.
To track your check delivery or enroll in direct deposit, visit ny.gov/STAR.
How to know your delivery timeframe?
The state has set a link for you to enter your county, town and school district to determine when eligible homeowners in your school district are expected to receive the benefit.
Click here to go to the website:
NY STAR checks are coming: Find out when yours will arrive
How much will you get?
It depends. How much you receive relies partly on local school taxes and varies depending on the county you live in. Most eligible homeowners will receive between $350-600 and most seniors eligible for an Enhanced STAR credit will receive between $700-1,500, according to the state.
Here’s how much each region will receive this year:
Do I qualify for a STAR benefit?
Possibly. Basic STAR recipients must:
And seniors are eligible for Enhanced STAR if they are:
Here’s why: Your Social Security check may be smaller this month
The state requires that new homeowners be issued a check instead of an exemption. In order to receive an exemption currently, homeowners must have owned their home since 2015, according to state law.
Homeowners can switch from an exemption to a check, and those who opt to do so could see the value of their STAR savings increase annually because, by law, the STAR credit can increase by as much as 2% each year, according to the state. The value of STAR exemptions cannot increase.
This article originally appeared on Rochester Democrat and Chronicle: Check your STAR rebate status: See payment schedule for your town
Reporting by Victoria E. Freile and Emily Barnes, New York Connect Team / Rochester Democrat and Chronicle
USA TODAY Network via Reuters Connect
