In New York, the amount of property taxes you owe depends on a number of things, including your location. Rates are set locally by counties, cities, towns, and school districts. And in NYC, the property is assessed based on the type of property it is (residential vs. commercial/industrial). Like everything else in New York (and let’s be honest, throughout America), property taxes have gone up. Luckily, many states have implemented property tax relief programs, and New York’s STAR program can be an incredibly valuable benefit available to homeowners across the state. Qualifying for the largest benefits often depends on understanding specific STAR rules that many homeowners overlook. Here are six STAR rules that could help you land a bigger check.
