Nys Comptroller Finds Issues With The Home Rebate Program

03.01.13 |

New York state's school tax relief program, the STAR program, isn't working the way it should be. The state comptroller, Tom DiNapoli, found some towns were lax in their oversite, and gave benefits on multiple homes to the same owners. It cost taxpayers an extra 13 million dollars in 2010 and 2011, and DiNapoli says, possibly as much as 73 million by 2016. Enacted in 1998, the STAR program provides a partial exemption from school taxes for most homeowners with incomes less than $500,000 on their primary residence. Dinapoli says as many as 20-percent of star exemptions shouldn't have been granted.