ALBANY -- Did you get your rebate check yet?
About half of the more than 2 million property-tax rebate checks have been sent out to homeowners who qualify for the program, the state tax department said this week.
"More than 1 million credits have been issued, and we continue to issue credits on a daily basis," said Geoffrey Gloak, a spokesman for the state Department of Taxation and Finance.
Homeowners — whose income is less than $500,000 — are getting rebate checks for the growth in their property taxes last year as part of a three-year, $1 billion program. This check is the largest during the program: It's a rebate for school and municipal taxes -- if the entities stayed under the property-tax cap and develop efficiency plans approved by the state.
"We are issuing property tax freeze credits as we receive, process and verify local data," the tax department said on its website. "We are issuing credits on a daily basis, while we take the necessary steps to ensure the accuracy of the local data and resulting credits."
The checks started going out Nov. 24, and the state has been checking with each taxing entity in the state to see if they've complied with the initiative.
The checks, according to the state Budget Division, are expected to range from $200 to $800, depending on how much a homeowner’s taxes rose this year. The largest checks will go to homeowners in the New York City area, including in the Hudson Valley, because they pay the highest taxes.
INFO ABOUT TAX CAP FROM NYS http://www.osc.state.ny.us/localgov/realprop/pdf/faqs.pdf