Effective April 1, 2016, new Basic STAR applicants will now need to register with the New York State Department of Taxation and Finance in order to receive a Basic STAR credit which will be in a form of a check. The amount of your STAR benefit is the same regardless of how you receive it.
The eligibilitycriteria are the same for both the STAR credit and the STAR tax exemption. You can't receive both the credit and the exemption.
- To receive the STAR credit or exemption, you must own your home and it must be your primary residence.
- The total income of the owners and the owners' spouses who primarily reside at the property must not exceed
The Basic STAR benefit for tax year 2016 was $1,345.68 . The new law also limits STAR benefits from increasing year-to-year to a maximum of 2% per annum.