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Old 07-24-2018, 07:44 PM
 
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Sorry, King, I don't know what this means: We get 3 times as much as we used to get in credit on our maintenance.
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Old 07-25-2018, 09:55 AM
 
Location: Manhattan
21,305 posts, read 27,978,623 times
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Quote:
Originally Posted by Cida View Post
Sorry, King, I don't know what this means: We get 3 times as much as we used to get in credit on our maintenance.

Cida, twice in the past we got a credit on our maintenance bill for the STAR rebate. Second time management office clawed back half of this amount the next month, claiming we were overpaid. We were flummoxed but let it go.
2016 we got nothing...management said "there was no STAR rebate this year" although some of our neighbors got the maintenance reduction.


2017 we got a check by mail from the City that was 3 times as much as we had ever received before...same this month for 2018. I certainly like this method MUCH better.


Go figger.
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Old 07-25-2018, 01:28 PM
 
1,146 posts, read 1,110,060 times
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Quote:
Originally Posted by SeventhFloor View Post
Most likely you should be good for next year tho
I understood it incorrectly. I guess I would qualify for basic STAR. I'll happily take anything!

Last edited by LizfromtheBronx; 07-25-2018 at 01:30 PM.. Reason: corrected information
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Old 07-25-2018, 01:41 PM
 
Location: Confines of the 101 Precinct
19,170 posts, read 34,251,726 times
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Quote:
Originally Posted by LizfromtheBronx View Post
Not old enough, make too much money. Unless I understood the page wrong.
Are you eligible?
If you own your home, itís your primary residence, and your income is $500,000 or less, youíre eligible for the Basic STAR credit.

If youíre a senior citizen with a qualifying income, you may be eligible for the Enhanced STAR credit.

For more information, see STAR eligibility.

https://www.tax.ny.gov/pit/property/star/default.htm
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Old 07-25-2018, 02:06 PM
 
Location: NY
3,569 posts, read 880,817 times
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Seventh Floor Moderator is Correct:

If you own a a single family home and it is your primary residence you are eligible for the Basic Star Credit.
Once qualified the deduction is automatic every year. No need to reapply.


May I add:
Once 65 and your income falls below $86,000 a year you are Eligible for Enhanced Star.
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Old 07-25-2018, 02:50 PM
 
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I see that now. I read it wrong. I thought it was 65/older AND income under $86k, neither of which will apply when I make my purchase. I'll be eligible for the Basic, which is better than nothing!
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Old 07-26-2018, 07:08 AM
 
Location: Manhattan
21,305 posts, read 27,978,623 times
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Quote:
Originally Posted by LizfromtheBronx View Post
I'll be eligible for the Basic, which is better than nothing!

The way I see it, "Enhanced" STAR for seniors is no different in amount than "Basic" STAR. I cannot understand why the word "enhanced" is used because "enhanced" usually mean "better."
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Old Yesterday, 08:26 AM
 
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Did STAR rebates go out this year? I haven't received mine...

On my current months maintenance bill, it gave me a sum under R/E Abatement, then took it back under Rebate Recapture.

Last year I received a check from STAR, after only owning the home for the last 4 months of 2017. So 2018 was my first full year.
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Old Yesterday, 08:29 AM
 
Location: Confines of the 101 Precinct
19,170 posts, read 34,251,726 times
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Quote:
Originally Posted by NycLaidBack View Post
Did STAR rebates go out this year? I haven't received mine...

On my current months maintenance bill, it gave me a sum under R/E Abatement, then took it back under Rebate Recapture.

Last year I received a check from STAR, after only owning the home for the last 4 months of 2017. So 2018 was my first full year.
You usually get the credit around August-September-October.

Speaking of rebates and credits, whatever happened to that NYS Family Tax Credit? That $350.00 was a welcome surprise a few years back. I thought it was fake at first.
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Old Today, 08:15 AM
 
Location: Manhattan
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Last year, The FInance Department apologized for getting the STAR rebates out late. We got ours in July, 2018.
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