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Ah, you are still getting the exemption rather than the new STAR checks.
You do know that that $1200 will never go any higher than that amount as long as you keep getting it taken off your tax bill instead of getting a check... right? Even if the actual STAR amount in your district goes up by the typical 2%, yours will be frozen at that $1200. That's the carrot/stick that the State is using in order to get people to switch from the deducted-from-bill to the check-in-the-mail method.
Seriously?? So getting it automatically off is less than getting a check back?
Ah, you are still getting the exemption rather than the new STAR checks.
You do know that that $1200 will never go any higher than that amount as long as you keep getting it taken off your tax bill instead of getting a check... right? Even if the actual STAR amount in your district goes up by the typical 2%, yours will be frozen at that $1200. That's the carrot/stick that the State is using in order to get people to switch from the deducted-from-bill to the check-in-the-mail method.
Did not know that and will look into it. Who do I contact ??
My eyes tend to glaze over when reading about the Star program, being 2 different types of Star it's confusing
Ah, you are still getting the exemption rather than the new STAR checks.
You do know that that $1200 will never go any higher than that amount as long as you keep getting it taken off your tax bill instead of getting a check... right? Even if the actual STAR amount in your district goes up by the typical 2%, yours will be frozen at that $1200. That's the carrot/stick that the State is using in order to get people to switch from the deducted-from-bill to the check-in-the-mail method.
Yes but you can switch to the check method and deal with the headache of never knowing when it’s coming if ever in your case. No thanks
Seriously?? So getting it automatically off is less than getting a check back?
Correct. The automatically-off-the-bill method is being frozen at the current dollar amount of the STAR you just got. The other day I sent an email to a friend of mine who didn't know about this either (the new regs were part of the 2019 Budget that Cuomo signed last January), showing the difference in her Enhanced STAR over the next five years, assuming the typical 2% yearly bump-up, of keeping the deduction vs switching to the check. Her current Enhanced STAR amount on the bill she got last month was $2567. If she keeps it that way, these will be the differences over the next five years:
* The above list wouldnt format correctly, for some reason. The first column ($2567) is the amount if she leaves it as is as a deduction off the bill. The second amount is what it would be if she switches to the check method, assuming the typical 2% yearly bump.
In order to switch, you have to give your Town Assessor a letter saying you want to drop your "exemption" (the one that is currently taken off your tax bill) and then send certain forms and paperwork to Albany in order to sign up for the check. You can also do that (register for the check) online but you'll have to put your social security number and other personal info into the website and personally I don't do that. And you will need to mail them some documents anyway so it's just as easy (IMHO) to do the entire thing by mail.
You can do this at any time of year but it's simpler if you do it before March 1st (less forms to fill out.) If you want it to take effect on your December 2020 tax bill, you do have to register for the check before July 1st.
My friend in the same town, almost the same taxes & income received over $300
I wonder what formula they use to calculate?
Is your friend getting Basic STAR or Enhanced STAR? Because the Basic STAR 'relief' check has an income component but the Enhanced STAR relief check does not.
Also, even if your friend gets Basic STAR and has the same income, they may have other adjustments to income that you don't (or vice versa.) This from the NYS site:
For the 2019 property tax relief credit, income is defined as 2017 federal adjusted gross income (FAGI) modified so that:
the net amount of loss reported on Federal Schedule C, D, E or F doesn’t exceed $3,000;
the net amount of any other separate category of loss doesn’t exceed $3,000; and
the aggregate amount of all losses doesn’t exceed $15,000.
Last year I got like 125 this year I got almost 400. Who knows what crazy calculation they use.
The percentages for last year's "relief" check were different (lower) than the percentages they used for the ones being sent out this year.
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