Property owners in Bath Beach to Gravesend can obtain reductions in their school tax liability through the STAR program, as articulated by Assemblymember William Colton. Under this program, homeowners may exempt portions of their home's value from tax calculations, significantly lowering their financial burden. Eligibility extends to those with a primary residence, capping combined income at $500,000, with additional provisions for residents over 65 earning up to $107,300. More information and enrollment resources can be found at tax.ny.gov/star.
Homeowners enrolled in STAR before 2016 can receive tax relief as an exemption, but the tax credit increases annually for greater savings.
The STAR program provides significant relief to eligible property owners, allowing them to exempt part of their property values from school tax calculations.
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