Tax rebate checks are beginning to be received by Long Island homeowners. Newsday has reported 600,000 checks will be sent to Nassau and Suffolk counties under the state Property Tax Freeze Credit program between now and the beginning of next year.
The rebate offsets two years of school tax increases and one year of increases for other taxing jurisdictions (such as county, town & village). In order for Village homeowners to be eligible, the Village needed to comply with the property tax cap and provide the State with a government efficiency plan.
Each of the three (3) budgets the current Administration has passed have remained under the New York State Property Cap while still providing a budgetary surplus, and maintaining and growing vital services.
To be eligible for a tax rebate, the homeowner must qualify for the STAR property-tax exemption and live outside New York City; their 2013 household income must have been $500,000 or less. The rebate is only on the taxpayer’s primary residence, not vacation property or a second home.