Finance
The STAR (School Tax Relief) program in New York provides:
AAn exemption from all state income taxes for homeowners
BA partial exemption from school property taxes for owner-occupied primary residences✓ Correct
CA grant to first-time homebuyers for closing costs
DA reduction in the mortgage recording tax for qualified veterans
Explanation
New York's STAR (School Tax Relief) program provides a partial exemption from school district property taxes for owner-occupied primary residences. The Basic STAR exemption is available to all qualifying homeowners; the Enhanced STAR exemption is available to senior citizens with qualifying incomes. Since 2019, new STAR applicants receive a credit rather than a direct exemption.
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