Did you know that you could save up to $1,000 on your school tax bill in New York State? If you have an escrow account to pay taxes and insurance out of your mortgage payment, this will also lower your monthly mortgage payment.
If your home is your primary residence in New York State and you make less than $500,000 a year, you are most likely eligible for the STAR program.
The STAR exemption is a school tax relief program. With the STAR exemption, you will be able to receive an extra refund when you file your taxes. The amount of the refund is equal to $30,000 of assessed taxes. If you are currently paying a school tax rate of $20 per thousand, you would receive a check in the amount of $600 ($20*30).
To sign up for the STAR exemption just click here and start the process.
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