Local property owners in Bath Beach and Gravesend can avail themselves of reductions on their school tax liability through the STAR program, as emphasized by Assemblymember William Colton. The STAR (School Tax Relief) program is designed to alleviate financial burdens on homeowners by exempting a portion of home values from property tax calculations. Eligible homeowners must meet specific criteria, including income limits, with special provisions for seniors. The program is crucial for many families as it can significantly reduce annual taxes on their primary residences.
Qualified local property owners can reduce their school tax liability through the STAR program, which provides relief by exempting part of their home's value.
New York state's STAR tax credit is available to homeowners with incomes up to $500,000 and offers additional benefits for senior citizens, specifically with Enhanced STAR.
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