Why New York State property tax credit checks are arriving early

New York homeowners should watch their mailboxes this month for a one-time property tax credit, thanks to a $2.2 billion tax relief program approved in New York’s budget. 

The Homeowner Tax Rebate Credit, meant for middle-income homeowners, is aimed at offsetting high consumer prices on everything from gas to groceries. The checks were slated to be mailed in the fall, but New York started sending the checks early. 

The state expects to mail most checks in June, and some may arrive in early July or later, according to the Department of Taxation and Finance’s website.

“This budget provides much-needed tax relief for thousands of small businesses and millions of New Yorkers and reduces the tax burden for those who need it most,” Gov. Kathy Hochul said in early April.

Requests for comment from the governor’s office about why the release schedule was moved up were not immediately returned. 

The checks will go to nearly three million eligible homeowners in 2022, and the check amount for each household depends on a number of factors, including location and income. 

New York Governor Kathy Hochul talks about education-related items in the state budget, during an appearance at the Enrico Fermi School in Yonkers, April 28, 2022.

The updated timeline coincides with the Democratic primary election, in which Hochul is up against two challengers. She has repeatedly touted her focus on effective governance and addressing New Yorkers’ day-to-day concerns. 

“Let’s get money back in people’s pockets,” Hochul said, while announcing the tax credit program in Western New York in April. 

Putting money in constituents’ pockets in the midst of an election cycle is not new. 

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