Property Tax Rebates

New York City’s homeowners contribute so much to our city’s neighborhoods, economy, and quality of life. In recognition of this, Mayor Eric Adams and the New York City Council are issuing property tax rebates in the amount of $150 to eligible homeowners.

Eligibility

The property tax rebate is for homeowners whose New York City property is their primary residence and whose combined income is $250,000 or less.

Most recipients of the School Tax Relief (STAR) exemption or credit will automatically qualify and will not need to take any action in order to receive the rebate. Some STAR recipients may be asked to provide additional information.

If you are not currently receiving STAR, but believe you may qualify for the rebate, you can submit an application. Please see the Application section for more details.

Income Eligibility

Property owners with income less than $250,000: If your adjusted gross income as reported on your federal tax return (Line 11 for Form 1040) is less than $250,000, you will likely qualify for the rebate.

Property owners with income close to $250,000: Please be advised that if you reported losses on federal schedules C, D, E, or F, any losses over $3,000 will be added back to your income in the calculation for purposes of eligibility for the rebate.

Rebate Issuance

If you are up to date on your property taxes as of June 30, 2022, you will be mailed a check in August of 2022. The check will look like this.

If you have outstanding property taxes, the rebate will be applied as a credit to your account, reducing or eliminating the taxes that you owe.

Applications

Most recipients of the STAR exemption or credit will automatically qualify and will not need to take any action in order to receive the property tax rebate.

If you are not currently receiving STAR, but believe you may qualify for the rebate, you can apply online or complete and submit a paper application.


Frequently Asked Questions (FAQs)