[3] The program, which acts similarly to (but is much less extensive than) homestead exemptions in other states, was enacted on August 7, 1997,[1] a product of the annual budget of then-Governor George Pataki.
The Enhanced STAR, for eligible senior citizens at or above age 65, exempts an annually variable amount ($65,300 for the 2015-2016 school year) from the true value of their primary residence.
[2] Essentially, the program is aimed to lower the tax burden on school district residents.
In addition, school districts typically do not have the same boundaries as other taxing jurisdictions (cities and towns), so equalization calculations are needed to bring property values to the same levels within all neighboring municipalities, included in a given district.
[5] To be eligible for the Enhanced STAR, a primary resident age 65 or older must have an adjusted gross income that does not exceed $86,300.