If you need assistance, please call 914-290-5258

School Taxes | From Urb to Burb and Beyond Blog

Friday, February 26, 2021   /   by Vanessa Saunders

Cuomo’s budget plans to change STAR tax program. Again.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
If you’re a senior citizen and are new to STAR, New York’s school property tax savings program, you may have to wait for a check from the state instead of having your benefit debited from your tax bill. The changes in policy were in Cuomo’s budget plan released last month, and it has Albany leaders hopping mad.
While not reducing any home owners benefits, the policy for people enrolled in STAR and currently getting the credit instead of checks do not get the 2% increase each year in their benefit.
Since it began in 1993, the STAR program has given homeowners earning less than $500,000 annually a rebate on their school taxes. More than two million New York residents receive the benefit, and the savings are significant. Basic STAR enrollees receive an average of $800 a year. Enhanced STAR for senior citizens is about $1,400. The rate is tied to the home’s assessed value.
Cuomm ...

Read More


  hudson valley real estate, hudson valley home, 'urb to 'burb, hudson valley home owners, star program, taxes, school taxes

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258


NY.png


NY.png

The data relating to real estate for sale or lease on this web site comes in part from MHMLS. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the MHMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. The information appearing herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. ©2021 Mid-Hudson Multiple Listing Service, Inc. All rights reserved.
The data relating to real estate for sale or lease on this web site comes in part from One Key, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the One Key, Inc logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

The information appearing herein has not been verified by One Key, Inc or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

©2021 One Key, Inc. All rights reserved.

The data relating to real estate on this website comes, in part, through the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the IDX logo and detailed information about them includes the name of the listing broker.
This site powered by CINC: www.cincpro.com