Middle Class STAR Rebate, Apply by Nov. 30, 2007
Did you know that New York State approved a Middle Class STAR Rebate for all property owners in 2007? You are eligible if you owned and resided at the property, and you were enrolled in the Basic STAR program as of the taxable date for your town. You can't get turned down for this rebate, which will put your tax dollars back into your pocket. The tax department says they have been mailing out letters to inform the public. But just in case your letter gets "lost" like mine, here is how to apply the easy way.
These homeowners must apply to receive this tax relief, as the amount of the rebate is correlated to the homeowners' income levels. The program provides benefits to taxpayers on a sliding scale based on income, with benefits declining as income exceeds $90,000 for upstate homeowners and $120,000 for homeowners in the higher-cost New York City metropolitan region. Taxpayers earning more than $250,000 are not eligible to receive a check.
In the downstate counties outside of New York City, the average basic STAR savings was $1,082 in 2006-07. For a family with income of $120,000 or less, as a result of the Middle Class STAR program, this benefit would increase by $649 to a total STAR benefit of $1,731 in 2007-08.
Just click the link to apply directly on New York States website…if you have any difficulty AskRey.
http://www.nystax.gov/star/2007/default.htm