STAR savings

Your school property tax bill must clearly state your STAR exemption amount and your tax savings. If your taxes are held in an escrow account, you should receive a receipt that includes your STAR information.

Most STAR recipients save several hundred dollars due to the Basic or Enhanced STAR exemptions. Several factors impact your savings, including the amount of:

STAR exemption amounts vary based on:

  • location (some counties are adjusted upwards to account for higher home values and higher taxes)
  • whether the municipality conducted a reassessment
  • the level of assessment of the individual municipality
  • annual adjustment based on the rate of inflation (Enhanced STAR only)

Calculating STAR exemption amounts

Updated: January 10, 2012