If you currently receive your STAR benefit as a reduction on your school tax bill (the STAR exemption), you have the option to switch to the STAR credit; you will receive a check instead.
Note: The income limit for the Basic STAR exemption is now $250,000. If your income is more than $250,000, you must switch to the credit to continue receiving a STAR benefit.
Due to recent changes in the law, beginning this year:
• The value of the STAR credit (by check) may increase by as much as 2 percent each year, but the STAR exemption (reduction on your school tax bill) cannot increase; and
• The income limit for the Basic STAR exemption is now $250,000.
Who must switch?
• If your income is more than $250,000, you must switch to the STAR credit to continue receiving your benefit.
• If your income is $250,000 or less, you have the option to switch.
How to switch to the STAR credit:
First, notify your assessor that you wish to withdraw your STAR exemption.
• Sidney/Town of Sidney/Masonville Assessor – 607-265-9245 or 607-561-2336
• Unadilla Assessor: 607-369-4683
• Franklin Assessor – 607-829-5618
• Guilford Assessor – 607-895-6827