STAR savings

What's the hassle? The building management does all the paperwork for you.

Actual rebate depends on the taxes of the building and the share allocation, and 'worth the hassle' depends on how much time you spend on it, vs what you could earn doing something else. If you're in the 900k market, it's probably worth it.

It's limited by ceilings- class 2 structures- $297

management doesn't do it. At least, they didn't for me. I had to provide copies of tax statements and the application. It was a slight hassle but only a one time thing and worth saving the $300 every year.

Many coop managing agents take care of this for the building which may include providing forms to shareholders to complete. Many coops also collect the STAR rebate as a permanent assessment. The assessment may go into the reserve fund (ideally) or be used to offset some operating expenses (less ideal and takes some bookeeping finagling). Either way, by designating the rebate as a special assessment, maintenance is kept lower than it would otherwise be and shareholders essentially never feel the pinch.