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What is a school tax exemption?

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Quick Answer

A school tax exemption is an exemption from the portion of property tax that is used to support schools. An example is the New York school tax relief exemption, or STAR exemption, which is described on the New York State Department of Taxation and Finance’s website.

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Full Answer

STAR property tax exemptions apply only to school district taxes and not to taxes levied for other purposes, notes the New York State Department of Taxation and Finance. The basic STAR exemption is available to resident owners whose income is less than $500,000 and exempts the first $30,000 of the full value of a home from school taxes. The enhanced STAR exemption is available to senior citizens with qualifying income and exempts the first $65,000 of the full value of a home from school taxes for the 2015 to 2016 school tax bills.

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