STAR provides $2.3Billion in Tax Relief to New York Homeowners

As previously reported here on Tax Tracker in June, the School Tax Relief (STAR) program offered by New York State offers property tax relief to eligible homeowners.  Now, we have a number to associate with it for 2024 – $2.3 billion as recently announced by Governor Hochul. See link: Governor Hochul Highlights $2.3 Billion in Tax Relief for Nearly 3 Million New Yorkers | Governor Kathy Hochul (ny.gov)

Approximately 2 million New Yorkers have already received the tax relief benefit this year so far, with 1 million more expected to receive the same in the coming weeks.  The benefit is set to be delivered around the time the school tax bill is issued.

A breakdown of this year’s total $2.3 billion STAR benefits and nearly 3 million recipients by region is seen below:

REGION	STAR TAX RELIEF	RECIPIENTS
Long Island	$736.4 million	596,000
Mid-Hudson	$515.2 million	414,000
Finger Lakes	$216.4 million	286,000
Western New York	$188.2 million	328,000
New York City	$167.3 million	495,000
Capital Region	$152.3 million	248,000
Central New York	$138.3 million	180,000
Southern Tier	$115.6 million	160,000
Mohawk Valley	$69.9 million	103,000
North Country	$49.8 million	90,000
TOTAL	$2.3 billion	2.9 million

Eligible homeowners on Long Island can sign up for direct deposit before their STAR credits are issued by following the instructions provided here: STAR Credit Direct Deposit (ny.gov)

New York State continues to fund the STAR program which has proven to become a reliable benefit to eligible homeowners.

See Tax Tracker post for STAR information basics – Understanding New York State’s STAR Program – Farrell Fritz