$150 Property Tax Rebate For Fiscal Year 2023 in New York City
Homeowners in New York City contribute a lot to our city’s neighborhoods, economy, and quality of our life.
Because of this, Mayor Eric Adams and the New York City Council are issuing property tax rebates worth $150 to qualified homeowners.
Are You Qualified?
This property tax rebate is for homeowners whose New York City property is their main residence and whose combined income doesn’t exceed $250,000.
Most receivers of the School Tax Relief (STAR) exemption or credit were qualified automatically and have already claimed their rebates. If you have not gotten a rebate, but believe that you may be eligible, you can submit an application.
If your adjusted gross income as reported on your federal tax return (Line 11 for Form 1040) is $250,000 or less, you are likely eligible for the rebate.
Homeowners with income close to $250,000: Please be advised that if you reported losses on federal schedules C, D, E, or F, any kind of losses over $3,000 will be added back to your income in the calculation for purposes of eligibility for the rebate.
Distribution of Rebates Rebate checks was delivered by mail in the summer of 2022. Property owners with outstanding property taxes got the rebate as a credit on their property bill.
According to a published post by NYC Department of Finance, most recipients of the STAR exemption or credit will qualify automatically and are not required to take any action to get the property tax rebate.
If you are not receiving STAR, but think you may be eligible for the rebate, you can apply online. Applying online is the easiest way to apply, and if qualified you will get your rebate faster. If you are unable to make an online application, you can download and complete a paper application.
The deadline for the application was November 15, 2022. However, property owners can still apply for rebates until March 15, 2023, if they have a reason or extenuating circumstance that prevented them from applying by November 15.
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