We all need a break on our taxes, however, many homeowners in New York are either misinformed or confused as to who qualifies for the STAR program, there are Two types of STAR exemptions:
New York Basic STAR
- available for owner-occupied, primary residences where the resident owners' and their spouses income is less than $500,000
- exempts the first $30,000 of the full value of a home from school taxes
New York Enhanced STAR
- provides an increased benefit for the primary residences of senior citizens (age 65 and older) with qualifying incomes
- exempts the first $63,300 of the full value of a home from school taxes as of 2013-14 school tax bills (up from $62,200 in 2012-13)
STAR exemptions apply only to school district taxes. They don't apply to property taxes for other purposes, such as county, town or city (except in cities where city property taxes fund schools - Buffalo, New York City, Rochester, Syracuse and Yonkers).
New legislation requires all homeowners receiving a Basic STAR exemption to register with the New York State Tax Department in order to receive the exemption in 2014 and subsequent years.
*Homeowners will not have to register in order to receive their 2013 STAR exemptions.
*Homeowners will not have to re-register every year. Based on the information provided in the registration process, the Tax Department will monitor homeowners' eligibility in future years.
For More Information and the NYS start exemption website Click HERE - If you would like some assistance with this please give us a call (845) 848 2218.
originally posted at: Star Exemption Registration for NY Homeowners
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