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angelicd77
LIF Adolescent
Member since 12/13 794 total posts
Name:
Kim
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Tax relief credits?
Has anyone gotten them yet or know when to expect them? Im in Longwood SD if that matters...
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Posted 10/19/18 2:22 PM  |
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lightblue
LIF Adult
Member since 1/17 2249 total posts
Name:
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Re: Tax relief credits?
I have not gotten mine yet either.
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| Posted 10/19/18 2:31 PM |
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Tax relief credits?
I got mine 2 weeks ago. $1150 I’m in comsewogue. My in laws got theirs $450 last week in Lindenhurst. How long have you been in your house? My first year I had to send my mortgage statements because town of Brookhaven never transferred owners. It took an additional year to get
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| Posted 10/19/18 2:33 PM |
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angelicd77
LIF Adolescent
Member since 12/13 794 total posts
Name:
Kim
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Tax relief credits?
This would be the second check I'm getting. Ours came no problem last year, so I'm assuming this year would be no issue either.
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| Posted 10/19/18 2:34 PM |
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mommy2be716
LIF Adult
Member since 1/16 2921 total posts
Name:
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Tax relief credits?
can i ask a dumb question? I got a check in the mail, but it said it was a property tax relief credit. is that the same as the school tax relief credit? It said it was a certain percentage of my STAR tax savings. I didn't know this had something to do with my school tax though? Are there two different checks that we should be getting?
Message edited 10/19/2018 4:45:38 PM.
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| Posted 10/19/18 4:40 PM |
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Re: Tax relief credits?
Posted by mommy2be716
can i ask a dumb question? I got a check in the mail, but it said it was a property tax relief credit. is that the same as the school tax relief credit? It said it was a certain percentage of my STAR tax savings. I didn't know this had something to do with my school tax though? Are there two different checks that we should be getting?
No star is different
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| Posted 10/19/18 4:43 PM |
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mommy2be716
LIF Adult
Member since 1/16 2921 total posts
Name:
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Re: Tax relief credits?
Posted by TwinMommyToBoys
Posted by mommy2be716
can i ask a dumb question? I got a check in the mail, but it said it was a property tax relief credit. is that the same as the school tax relief credit? It said it was a certain percentage of my STAR tax savings. I didn't know this had something to do with my school tax though? Are there two different checks that we should be getting?
No star is different
oh cool! so i got the star one like a week ago... do the school districts offer relief checks around the same time as each other?
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| Posted 10/19/18 4:46 PM |
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chilltocam
LIF Adult
Member since 11/11 9141 total posts
Name:
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Tax relief credits?
Got mine yesterday
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| Posted 10/19/18 6:17 PM |
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angelicd77
LIF Adolescent
Member since 12/13 794 total posts
Name:
Kim
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Tax relief credits?
I just got home and the check was here! Lol now waiting on star. Anyone know when to expect that?
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| Posted 10/19/18 7:19 PM |
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blu6385
Member since 5/08 8351 total posts
Name:
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Re: Tax relief credits?
I got mine last Saturday! The amount varies based on income and your STAR Savings. Next year will be a big one and the last one!
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| Posted 10/19/18 10:41 PM |
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LuckyStar
LIF Adult
Member since 7/14 7274 total posts
Name:
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Tax relief credits?
I got the property tax one a week ago. There's another one for school tax?
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| Posted 10/19/18 11:14 PM |
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VickiC
Rocking the party
Member since 5/05 4937 total posts
Name:
Vicki
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Tax relief credits?
The Property Tax Relief check is the check we get for our school districts staying under the 2% tax cap.
The STAR check you get is only if you bought your house after 2015. It is the STAR savings that you receive back in a rebate form instead of off the top like those who bought prior to 2015.
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| Posted 10/20/18 8:20 AM |
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mommy2be716
LIF Adult
Member since 1/16 2921 total posts
Name:
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Re: Tax relief credits?
Posted by VickiC
The Property Tax Relief check is the check we get for our school districts staying under the 2% tax cap.
The STAR check you get is only if you bought your house after 2015. It is the STAR savings that you receive back in a rebate form instead of off the top like those who bought prior to 2015.
oh thank you for clarifying this- I bought in 2014 so our STAR savings is part of our regular tax amount. So the check I received is the one being talked about in the OP, and is the only check I should be expecting.
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| Posted 10/20/18 1:55 PM |
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MissJones
I need a nap!
Member since 5/05 22150 total posts
Name:
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Tax relief credits?
Got it yesterday.
Got the STAR check last week. I'm in Commack
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| Posted 10/21/18 4:28 PM |
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LIRascal
drama. daily.
Member since 3/11 7287 total posts
Name:
Michelle
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Re: Tax relief credits?
Posted by mommy2be716
can i ask a dumb question? I got a check in the mail, but it said it was a property tax relief credit. is that the same as the school tax relief credit? It said it was a certain percentage of my STAR tax savings. I didn't know this had something to do with my school tax though? Are there two different checks that we should be getting?
It is based on a very vague and complicated formula. To qualify, your school budget needed to pass within the cap. Your tax reduction or grieved amount cannot exceed a certain percentage, then they calculate it based on a percentage of STAR benefits related to your income on a sliding scale.
Some people do not qualify for the property tax relief check.
translation: nobody knows
But it does have to do with both STAR and school taxes.
Message edited 10/21/2018 5:02:55 PM.
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| Posted 10/21/18 5:01 PM |
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lightblue
LIF Adult
Member since 1/17 2249 total posts
Name:
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Re: Tax relief credits?
Just wanted to update that I got my check on Friday afternoon. I don't know how they calculate the amount each person gets but mine was about $650
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| Posted 10/22/18 9:08 AM |
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blu6385
Member since 5/08 8351 total posts
Name:
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Re: Tax relief credits?
Posted by lightblue
Just wanted to update that I got my check on Friday afternoon. I don't know how they calculate the amount each person gets but mine was about $650
its on the website. It is based on how much money you make and how much you STAR savings our.
So for this year it was based on your income from 2016:
Percentage of Basic STAR savings according to income
If your 2016 income is: Your 2018 property tax relief credit will be this percentage of your STAR savings:
$75,000 or less 60.0%
between $75,000 and $150,000 42.5%
between $150,000 and $200,000 25.0%
between $200,000 and $275,000 7.5%
so basically if you (meaning you and your spouse combined if you are married) made less than $750000 you got 60% back of what your Basic STAR savings.
Next year you will receive a lot more money because they are increasing the percentage everyone gets back but it will be the last year.
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| Posted 10/22/18 11:03 AM |
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JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
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Re: Tax relief credits?
Posted by blu6385
Posted by lightblue
Just wanted to update that I got my check on Friday afternoon. I don't know how they calculate the amount each person gets but mine was about $650
its on the website. It is based on how much money you make and how much you STAR savings our.
So for this year it was based on your income from 2016:
Percentage of Basic STAR savings according to income
If your 2016 income is: Your 2018 property tax relief credit will be this percentage of your STAR savings:
$75,000 or less 60.0%
between $75,000 and $150,000 42.5%
between $150,000 and $200,000 25.0%
between $200,000 and $275,000 7.5%
so basically if you (meaning you and your spouse combined if you are married) made less than $750000 you got 60% back of what your Basic STAR savings.
Next year you will receive a lot more money because they are increasing the percentage everyone gets back but it will be the last year.
I just went to the site to get the info. I was so confused based on what other people in my family were getting back. Turns out I just made too much. Damn! lol
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| Posted 10/22/18 11:51 AM |
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