Eric Adams, Mayor of New York City, signed a bill into law granting $150 to eligible residents.
According to the information, the money is a one-time property tax rebate for eligible residents.
The words of New York City Mayor Eric Adams
“We want to remove some of the burdens that New Yorkers are feeling, which is why we are putting money back into their pockets with a property tax rebate of up to $150 to low- and middle-income homeowners,” Adams mentioned.
“This is about delivering direct relief to homeowners in New York who are struggling to get by.”
Who’s eligible for the $150 rebate?
- Reside in New York City.
- Own a one, two, or three-family residence or unite in a cooperative condo.
- The property must be the primary residence of the owner.
- Earn an annual income that doesn’t exceed $250,000 during the 2020 tax year.
- More information about the $150 rebate
According to Mayor Eric Adams, “hundreds of thousands” of families will benefit from the rebate.
At the end of the month, the department of finance will issue the checks to all people available.
You will automatically receive the check if you qualify for the School Tax Relief (STAR) credit or exemption.
How can I apply?
If you don’t have a straight qualification for the $150 rebate in New York City, you can apply before November.
Local data shows that more than 2 million homeowners are eligible for the $150 rebate thanks to the STAR program.
The STAR program depends on your income and the kind of property that you have.