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The STAR Program Will:
- Cut school property tax for the majority of senior citizens by an average of
approximately 45 percent beginning school year 1998-99
- Cut school property taxes for the non-senior homeowners by an average of approximately
27 percent when fully implemented in the school year 2001-02
- Help senior citizens stay in their homes close to their friends and family by
dramatically reducing their tax burden
- Make home ownership more affordable for thousands of New Yorkers whose dream of owning
their own home was taxed away.
- Provide taxpayers with more information - including the local uniform rate of assessment
- so they can understand their property tax bill
- Hold public schools harmless for the STAR tax cuts by reimbursing them dollar for dollar
and provide schools with an additional $2.7 billion through school year 2001-02
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