About 3 million New Yorkers are eligible for a homeowner tax rebate/stimulus check that will be hitting mailboxes this month, with checks totaling $100 or more per household.
The rebate is part of a one-year program that will provide direct property tax relief to eligible homeowners, according to the New York State Department of Taxation and Finance. Those who qualify will automatically be sent a stimulus check for the amount of their credit.
The first stimulus checks were sent out in early June. Eligible homeowners who don’t receive one by early July can expect to get it before their school tax bills are due, the Tax Department said.
How Can You Be Eligible For These Stimulus Checks
To be eligible, you must meet these criteria.
You qualified for a 2022 STAR credit or exemption
You had an annual income that was less than or equal to $250,000 for the 2020 income tax year
You have a school tax liability for the 2022-2023 school year that is more than your 2022 STAR benefit.
You don’t need to calculate your income to receive the homeowner tax rebate credit. The Tax Department will calculate income for eligibility purposes and issue the credit based on that determination.
The amount of the rebate depends on a few different factors, including your income, home location, and whether you receive Enhanced STAR or Basic STAR. The credit amount cannot be more than the amount of your net school tax liability for the 2022-2023 school year after taking into account your 2022 STAR benefit.