§ 1306-a. Effect of school tax relief (STAR) exemption upon school\ndistrict taxes; state aid. 1. Levy of taxes; determination of taxes due.\nThe amount of taxes to be levied for any school year shall be determined\nwithout regard to the fact that state aid will be payable pursuant to\nthis section. In addition, the tax rate for any school year shall be\ndetermined as if no parcels were exempt from taxation pursuant to\nsection four hundred twenty five of this chapter. However, the tax rate\nso determined shall be applied to the taxable assessed value of each\nparcel after accounting for all applicable exemptions, including the\nexemption authorized by section four hundred twenty-five of this\nchapter.\n 2. Tax savings. (a) (i) The tax savings for each parcel receiving the\nexemption authorized by section four hundred twenty-five of this chapter\nshall be computed by subtracting the amount actually levied against the\nparcel from the amount that would have been levied if not for the\nexemption, provided however, that for the two thousand eleven-two\nthousand twelve through two thousand eighteen-two thousand nineteen\nschool years, the tax savings applicable to any "portion" (which as used\nherein shall mean that part of an assessing unit located within a school\ndistrict) shall not exceed the tax savings applicable to that portion in\nthe prior school year multiplied by one hundred two percent, with the\nresult rounded to the nearest dollar; and provided further that\nbeginning with the two thousand nineteen-two thousand twenty school\nyear: (A) for purposes of the exemption authorized by section four\nhundred twenty-five of this chapter, the tax savings applicable to any\nportion shall not exceed the tax savings for the prior year, and (B) for\npurposes of the credit authorized by subsection (eee) of section six\nhundred six of the tax law, the tax savings applicable to any portion\nshall not exceed the tax savings applicable to that portion in the prior\nschool year multiplied by one hundred two percent, with the result\nrounded to the nearest dollar. The tax savings attributable to the basic\nand enhanced exemptions shall be calculated separately. It shall be the\nresponsibility of the commissioner to calculate tax savings limitations\nfor purposes of this subdivision.\n (ii) The tax savings applicable to a portion for the two thousand\nten-two thousand eleven school year shall be determined by multiplying\nthe exempt amount applicable to the portion for the two thousand ten-two\nthousand eleven school year by the tax rate applicable to the portion\nfor the two thousand ten-two thousand eleven school year, with separate\ncalculations for the basic and enhanced exemptions.\n (iii) Where a school tax rate was changed in the midst of the prior\nschool year, an annualized school tax rate shall be used for this\npurpose. The annualized tax rate for this purpose shall be determined by\ncalculating the average of the tax rates in effect at various times\nduring the school year, weighted according to the length of time during\nwhich they were respectively applicable.\n (b) A statement shall then be placed on the tax bill for the parcel in\nsubstantially the following form: "Your tax savings this year resulting\nfrom the New York state school tax relief (STAR) program is $_______."\n 3. State aid. (a) The total tax savings duly provided by each school\ndistrict pursuant to this section shall be a state charge, which shall\nbe payable as provided herein.\n (b) A school district seeking state aid pursuant to this section shall\nsubmit an application therefor to the commissioner. The application\nshall include such information as the commissioner shall require.\n (c) Upon approving an application for state aid pursuant to this\nsection, the commissioner shall compute and certify to the commissioner\nof education the amounts payable to the school district. Such state aid\nshall be payable upon the audit and warrant of the state c
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