As previously reported here on Tax Tracker in June, the School Tax Relief (STAR) program offered by New York State offers property tax relief to eligible homeowners. Now, we have a number to associate with it for 2024 – $2.3 billion as recently announced by Governor Hochul. See link: Governor Hochul Highlights $2.3 Billion in Tax Relief for Nearly 3 Million New Yorkers | Governor Kathy Hochul (ny.gov)
Approximately 2 million New Yorkers have already received the tax relief benefit this year so far, with 1 million more expected to receive the same in the coming weeks. The benefit is set to be delivered around the time the school tax bill is issued.
A breakdown of this year’s total $2.3 billion STAR benefits and nearly 3 million recipients by region is seen below:
Eligible homeowners on Long Island can sign up for direct deposit before their STAR credits are issued by following the instructions provided here: STAR Credit Direct Deposit (ny.gov)
New York State continues to fund the STAR program which has proven to become a reliable benefit to eligible homeowners.
See Tax Tracker post for STAR information basics – Understanding New York State’s STAR Program – Farrell Fritz
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