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 White Plains, NY - With a public debate at hand over funding for local schools, Assemblyman George Latimer announces that 2008 will be the third year of State STAR property tax rebate checks, designed to offset increases in local school property taxes.
"As in 2006 and 2007, homeowners, condo owners, and co-op owners will be receiving sizeable rebate checks - in some cases up to $1,000 - this fall, specifically to offset any increase in their school taxes for 2008", Latimer stated. "This program is a way by which the state is dealing with the short-term problem of higher school taxes for the individual owner".
All taxpayers who own one of the aforementioned units and have an annual income of $250,000 per year or less are eligible for the benefit. The rebates do not apply to commercial property, second homes, residences which include a store or business. Seniors currently enrolled in the Enhanced STAR program receive among the highest amounts. The size of the check also depends on the school district - and the level of taxation.
Latimer provided a few examples:
"In 2007, a New Rochelle senior on Enhanced STAR received a rebate check of $1,087 - that offset the impact of property tax increases if the homeowner paid as much as $20,000 per year in total property taxes. In Rye Neck, a similar senior would have received over $850. I expect the numbers to be similar for 2008", Latimer stated.
Much has been made in the media about proposals to "cap" school taxes at 4% - which, in fact, would insure at least an annual increase of 4% each year without a vote, and the potential to go above 4% if there was a school vote. Latimer stated that "People should avoid getting caught up in the frenzy, and keep a clear eye on what really matters -- cutting mandated costs, and thereby reducing spending. In the meantime, the third year of the tax rebate programs represents relief to those who are deeply impacted by property taxes".
Latimer can be reached at (914) 777-3832 at his Mamaroneck District Office. He represents Port Chester, Rye Brook, Rye City, Larchmont, Mamaroneck and part of New Rochelle in the State Assembly.
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