New legislation requires all homeowners receiving a Basic STAR exemption to register with the New York State Tax Department in order to receive STAR exemptions in 2014 and subsequent years. This new legislation is to ensure that owner occupied properties are receiving the Basic Star on the homeowners primary residence. In March, the State did an audit and found massive flaws in the system. To ensure less fraud, New York State is requiring homeowners to reapply for the 2014 tax year and by doing so NYS will save over one million by eliminating … (0 comments)
New York State STAR Exemption- What to know for 2014
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