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Home » News » New York State » STAR tax savings could be curbed under Cuomo

STAR tax savings could be curbed under Cuomo

Gov. Andrew Cuomo wants to freeze the growth in the STAR rebates that homeowners receive on their school taxes as a cost-cutting move in the state budget.

STAR rebates were expected to grow at 2 percent a year, but Cuomo wants to end the increase, saying New Yorkers are already getting property-tax relief through a separate rebate check program.

Also, he argued, the growth in property taxes has slowed with the installation of a tax cap in 2011.

“The typical taxpayer has saved more than $2,100 under the property tax cap and, in addition, the average taxpayer will save $380 from the property tax credit program this year," said Morris Peters, a spokesman for the state Budget Division.

"These programs are having a much greater impact by controlling underlying property tax growth and targeting tax cuts to where they have the greatest impact.”
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