NYC homeowners latest tax rebate

Nearly 500,000 New Yorkers are expected to benefit from the funding.

Thousands of small businesses and millions of New Yorkers will benefit from this budget, which delivers much-needed tax relief.

Beneficiaries of the School Tax Relief (STAR) exemption and credit with incomes under $250,000, as well as Enhanced STAR recipients

Those who qualify for the Enhanced STAR exemption or credit will get a reimbursement equal to 110 percent of the savings from the Enhanced STAR exemption.

The average New York City payout, according to the governor's office, will be around $425.

For the 2020 tax year, received income of less than or equal to $250,000.

Department of Tax and Finance has been working to deliver these benefits to eligible homeowners