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Yearly STAR exemption amounts

 Year 

 BASIC STAR
$$ savings

 SENIOR STAR
$$ savings

 1998  N/A  $2,555.11
 1999 $539.54  $2,694.66
 2000 $985.06  $2,686.53
 2001 $1,503.56  $2,714.57
 2002 $1,568.26  $2,748.98
 2003 $1,632.32  $2,860.52
 2004  $1,695.31  $2,966.80
 2005 $1,758.36  $3,081.86
 2006 $1,812.90  $3,615.53
 2007 $1,849.97  $3,694.42
 2008 $1,777.00  $3,542.23
 2009 $1,649.99  $3,287.72
 2010 $1,532.91   $3,065.83
 **2011  $1,564  $3,127
 2012  $1,595  $3,190

**Beginning with school taxes for the 2011-12 school year, new legislation caps STAR savings increases at 2% of the prior year's savings.  For more information on this cap, please visit the ORPTS website.
 
* Exemption amounts are mandated by the State; dollar amounts are determined by the yearly School District tax rate.

* These STAR savings amounts are for residential homes only.  Co-op apartment savings are determined by the number of shares owned.

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