NYS Transforms “STAR” Property Tax Exemption into Income Tax Credit
Governor Cuomo signed legislation on April 13, 2016 enacting two significant changes to the NY School Tax Relief ("STAR") exemption program. The STAR program provides homeowners a reduction in real property school taxes. Historically, the STAR exemption was shown on and immediately reduced homeowners’ school tax bills. The first change transforms the STAR exemption into a Read More »