Rp 6704-2025

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Basic STAR works by exempting $30,000 of the full value of a home from school taxes. New Yorkers are eligible for this exemption on their primary residence, regardless of age. Enhanced STAR is available to senior citizens (age 65 and older) who meet the income requirements.
You can get a maximum annual credit of $2,500 per eligible student. If the credit brings the amount of tax you owe to zero, you can have 40 percent of any remaining amount of the credit (up to $1,000) refunded to you.
You must timely file Form RP-467-Rnw, Renewal Application for Senior Citizens Exemption, annually in the assessors office to continue the exemption. Although some assessing units may accept renewal applications to be filed after the taxable status date, you should file the renewal application on or before such date.
In New York State, the real property tax is a tax based on the value of real property. Counties, cities, towns, villages, school districts, and special districts each raise money through the real property tax.
With some exceptions, the States Property Tax Cap limits the amount local governments and most school districts can increase the tax levy (the total amount of property taxes billed) to the lower of two percent or the rate of inflation.
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DiNapoli: School District Tax Levy Cap at 2% Property tax levy growth for New Yorks school districts and 10 cities will remain capped at 2% for the fourth year in a row, ing to data released today by State Comptroller Thomas P. DiNapoli.
The tax cap law establishes a limit on the annual growth of property taxes levied by local governments and school districts to two percent or the rate of inflation, whichever is less.

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