NYS Property Tax Relief Rebate Check (should, co-op, live)

[exm]

Originally Posted by Bossman140

This year was the last year of the previous program. This rebate check was a percentage of your STAR rebate based on your 2016 State Income Tax Return. The more money on your Tax return the less percentage you get.

Will change again based on 2017.

If this was the last year of the previous program, the numbers should be similar. My income didn't change drastically between 2016 and 2017 but the rebate check went down from $600 to $200. Could it be that last year they did NOT based the rebate based on income?

[Bossman140]

Originally Posted by exm

If this was the last year of the previous program, the numbers should be similar. My income didn't change drastically between 2016 and 2017 but the rebate check went down from $600 to $200. Could it be that last year they did NOT based the rebate based on income?

This 3rd year of the program, the rebate check was a percentage of your Star rebate. It was a different calculation from previous years. Next year will change again as a new program will be implemented. The percentage of the STAR Rebate is based on your income level. Those making less got a bigger percentage.
It is all on the State website

[exm]

Still not sure what happened in 2016: "In 2016, all 2.5 million homeowners who qualify for the state's School Tax Relief program (and enhanced STAR) will get a check. Those living in the New York City suburbs will get $130. Everyone else - including Central New York homeowners - will get $185. (New York City homeowners are not eligible.)"

Got around $600. But hey, I'm not complaining.

For this year and beyond it makes more sense, and it looks like the checks will be increasing the next few years.

Here you go. First determine your FAGI

• Form 1040, Line 38
• Form 1040A, Line 21
• Form 1040EZ, Line 4

Percentage of Basic STAR savings according to income for 2017
Income
Percentage of your Basic STAR savings
$75,000 or less
28.0%
between $75,000 and $150,000
20.5%
between $150,000 and $200,000
13.0%
between $200,000 and $275,000
5.5%


Income
2018 percentage of your Basic STAR savings
2019 percentage of your Basic STAR savings
$75,000 or less
60.0%
85.0%
between $75,000 and $150,000
42.5%
60.0%
between $150,000 and $200,000
25.0%
35.0%
between $200,000 and $275,000
7.5%
10.0%

[OhBeeHave]

Still nothing.

[kevink1955]

I am in Lindenhurst, got mine yesterday $282

[suzook]

Originally Posted by OhBeeHave

Still nothing.

3VSD had the checks forwarded to them. They cashed them already.

[chetstash]

Cuomo sent me a shade over $50. Enough for an appetizer and a couple of drinks around here. Some nerve calling this property tax relief.

[Pace500]

Longwood SD $245. Surprised...usually only seen these checks around 150 or so.

[OhBeeHave]

Finally arrived! Now to place it into my property tax account for next tax bill.

[hotkarl]

I just got a second check. Saturday.