Form IT-229 Real Property Tax Relief Credit Tax Year 2021-2025

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The fiscal year 2023 property tax rebate is for homeowners whose New York City property is their primary residence and whose combined income is $250,000 or less.
Eligibility. Homeowners, including owners of mobile homes located in mobile home parks, age 65 or older, or receiving Federal Social Security disability benefits, who paid property taxes on their principal residence in New Jersey either directly or through mobile home park site fees.
The new credit is for tax year 2021 and 2022 and 2023, the credit is called the Real Property Tax Credit, NY IT 229. This credit is for taxpayers who pay more than 6% of their income for property taxes.
The Senior Citizen Homeowners Exemption (SCHE) provides a reduction of 5 to 50% on New York Citys real property tax to seniors age 65 and older. To be eligible for SCHE, you must be 65 or older, earn no more than $58,399 for the last calendar year, and the property must be your primary residence.
Simply log into your Tax Department Individual Online Services account and visit the new Homeowner Benefit Portal.

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The real property tax credit may be available to New York State residents who have household gross incomes of $18,000 or less, and pay either real property taxes or rent for their residences. The amount of the credit for each household will vary depending on income and real property taxes paid (see table to the right).
You dont need to register again in future years unless there is a change in the ownership of your home. Well review your information every year and automatically issue a STAR credit to you if youre eligible.

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