< Back to Previous Page The STAR Program In New York Regarding Cooperative Apartments The School Tax Relief (STAR) Program, which became law in 1997, provides a partial exemption from school property taxes for owner occupied, primary residences such as one, two and three family houses, condominiums, cooperative apartments, and manufactured homes (also known as mobile homes in Real Property Tax Law). There are two types of STAR exemptions. Owners who are aged 65 or older, with a combined income of $64,650 or less (increased annually for cost-of-living adjustments) are eligible for the Enhanced STAR exemption. The Enhanced STAR exemption is worth $56,800 in full value assessment (2008-2009 school year). Secondly, virtually all owner occupied primary residences are eligible for the Basic STAR exemption. The Basic STAR exemption is $30,000 in full value. In counties where the median home value is higher than the statewide median home value, the Basic and Enhanced STAR exemptions are prorated up so that homeowners in these areas will realize equivalent tax relief. Contact New York cooperative apartment lawyers from the law firm of Weinstein, Chase, Messinger and Peters, P.C.