You may be entitled to this credit if you meet the conditions below for tax year 2008.

• Your household gross income is $18,000 or less.
• You occupied the same New York residence for six months or more.
• You were a New York State resident for all of 2008.
• You could not be claimed as a dependent on another taxpayer’s federal income tax return.
• Your residence was not completely exempted from real property taxes.
• The current market value of all real property you owned, such as houses, garages, and land, was $85,000 or less.
• You must also meet all the conditions listed under either Homeowners or Renters below:

Homeowners:

• You or your spouse paid real property taxes.
• Any rent you received for nonresidential use of your residence was 20% or less of the total rent you received

Renters:

• You or a member of your household paid rent for your residence.
• The average monthly rent you and other members of your household paid was $450 or less, not counting charges for heat, gas, electricity, furnishings, or board. 

How much is the credit? 

• If all members of your household are under 65, the credit can be as much as $75.
• If at least one member of your household is 65 or older, the credit can be as much as $375.
• If your credit is more than the taxes you owe, you can claim a refund. 

How do I claim this credit?

Complete Form IT-214, Claim for Real Property Tax Credit for Homeowners and Renters and attach it to your New York State income tax return.
 
If you don’t have to file a New York State income tax return, complete and file Form IT-214 and we will refund you the credit amount.