Property Ownership
In New York, a 'STAR' (School Tax Relief) exemption benefits:
ACommercial property owners
BQualifying homeowners by providing a partial exemption from school property taxes✓ Correct
COnly low-income renters
DNew construction properties for the first 10 years
Explanation
New York's STAR program provides a partial exemption from school district property taxes for qualifying homeowners who use the property as their primary residence. The Enhanced STAR program provides additional benefits for seniors.
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