Category 2: The Basic Star

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. 

To register, please visit www.tax.ny.gov or call (518) 457-2016.  
     
The eligibility criteria 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   
    $500,000.        
 
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.