Article Date: 06/10/2022 Last Updated: 06/10/2022
If you own a property in New York state, be sure you check your mail.
New York state has begun sending out the 2022 homeowner tax rebate credit early, the credit was initially planned to be mailed in the fall but NYS sent them earlier instead.
Who qualifies to receive the rebate?
As reported by NBC WGRZ in Buffalo on June 7, 2022;
"Homeowners who have qualified for the 2022 STAR credit or exemption, have an income less than or equal to $250,000 for the 2020 income tax year, and a school tax liability for the 2022-23 school year that is more than your 2022 STAR benefit.
The state expects most checks to be mailed out during the month of June. They say if you don't receive your check by early July, you can expect to receive it before your school tax bill is due. No exact dates are given as to when you will receive your check.
The amount of tax rebate credit depends on where your home is located, how much your income is and whether or not you receive basic STAR or enhanced STAR."
How much is the rebate?
The amount of the rebate depends on where your property is located.
You can use this helpful link below to check on the rebate in your municipality.
The tax rebates come at a time when inflation and crippling supply chain interruptions are still at their highest rates in decades.
As costs continue to increase, Jordan First Insurance is encouraging all homeowners to look wherever they can for savings:
Taylor Haines, CEO of Jordan First Insurance, reminds policyholders that "These rebates are only a temporary band-aid on an open wound. Costs in the marketplace of materials and labor are skyrocketing. It's a good start, but homeowners must be vigilant in reviewing all their expenses to see where savings can be found."
Summary
Interested in obtaining a new quote? Want to speak to a professional? Call the property experts at Jordan First Insurance (800) 484-9712. Serving all of Central New York and Upstate.
www.JordanFirstInsurance.com
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