Form RP-425-B Application for Basic STAR Exemption for the 2023-2024 School Year Revised 7/22-2025

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The New York City School Tax credit is available to New York City residents or part-year residents who cannot be claimed as a dependent on another taxpayers federal income tax return. The credit amounts vary. This credit must be claimed directly on the New York State personal income tax return.
You can receive the STAR credit if you own your home and its your primary residence and the combined income of the owners and the owners spouses is $500,000 or less.
The STAR Credit may offer a greater benefit than the STAR Exemption because the amount of the credit will increase in the future, but the value of the exemption will not.
The STAR Credit is offered by New York State in the form of a rebate check. The STAR Exemption is offered by New York City and appears on your property tax bill. You cant receive both at the same time. New STAR applicants must apply for the benefit with the State.
You can receive the STAR credit if you own your home and its your primary residence and the combined income of the owners and the owners spouses is $500,000 or less. STAR exemption: a reduction on your school tax bill.

People also ask

The average tax break is about $790 a year, while the average Enhanced STAR was about $1,400 for eligible seniors. Enhanced STAR is for homeowners age 65 and older with incomes of $86,300 or less. About 650,000 New Yorkers receive Enhanced STAR every year, while there are 2.6 million Basic STAR recipients.
All primary-residence homeowners are eligible for the Basic STAR exemption, regardless of age or income. The amount of the basic exemption is $30,000, subject to equalization and other adjustments.
In contrast to exemptions and deductions, which reduce a filers taxable income, credits directly reduce a filers tax liability that is, the amount of tax a filer owes.

basic star exemption form