Mayor Bloomberg is encouraging city homeowners to apply for the $400 property tax rebate. The text in the press release is slightly confusing:
Most owners of 1-, 2- and 3-family homes, condominiums and cooperatives who live in their homes are already eligible for the $400 rebate and do not have to apply, but those who have not applied for the rebate have until October 15th to apply by filling out a New York State School Tax Relief Program (STAR) application.
The safest bet is probably to go ahead and file a STAR application regardless. The deadline is October 15th.
There is an added bonus for co-op shareholders: The press release states that checks will be sent directly to the individual owners rather than the co-op. Nice.