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Since the check was received in 2017, you will deal with it next year.
If you are itemizing your property taxes and take a property tax deduction in 2016 that is more than the STAR rebate, then on your 2017 return, you will have what is known as a taxable recovery, a reimbursement of a previous deduction. This is entered as other miscellaneous income at the bottom of the income page, look for "reimbursed deductions" and enter the amount there.
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