Homeowner tax rebate credit (Article 22)

This credit was available in tax year 2022 to a qualifying taxpayer that:

was a New York State resident,

owned and primarily resided in real property receiving either the STAR exemption or the STAR credit; and

had qualified gross income no greater than $250,000.

The amount of the credit is equal to the tax savings associated with the STAR exemption, multiplied by a percentage based upon whether the taxpayer was receiving Basic STAR or Enhanced STAR, the location of the taxpayer’s property, and their gross income (if the taxpayer was receiving Basic STAR).

(Subpart BB of Chapter 59 of the Laws of 2022, Tax Law section 606(n-1)