Have You Re-registered Yet For Your 2014 NYS STAR Exemption?

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Real Estate Agent with Coldwell Banker, 170 N Main Street, New City NY 10956
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Have You Re-registered Yet For Your 2014 NYS STAR Exemption?

Star

For all homeowners in NYS that are presently receiving a basic STAR exemption for their homes, in order to continue to receive this exemption in the 2014 calendar year and onward, you will be required to re-register. 

Re-registration is not required in order to receive the 2013 STAR exemption, but on a go forwards basis a one time re-registration is mandatory in 2014. 

Based on the information provided in the registration process, the tax department will then monitor and determine a homeowners continued eligibility.

The application process for seniors that receive Enhanced STAR discounts remains unchanged.  They will continue to be required to re-apply on a yearly basis.

The re-registration period for your 2014 NYS STAR Exemption began August 19 and continues until the end of the year.  You can visit the The Department of Taxation & Finance website or call  (518) 457-2036  for information on how to register.
 
Flickr photo by Shyn Darkly
 
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Lora "Leah" Stern - Your Rockland County, NY REALTOR of Choice - (914) 772-4528

Your Rockland County, NY Real Estate SpecialistLeah Stern Signature Photo

Lora "Leah" Stern
Real Estate Salesperson
Coldwell Banker Residential Brokerage
(914) 772-4528 CELL
(845) 634-0400 OFFICE
(862) 345-2463 FAX

If I can assist you in any way with your real estate needs in Suffern, NY Rockland County or the surrounding areas, please feel free to contact me by phone at (914) 772-4528, email me at Leah.Stern@cbmoves.com or visit my website .

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Ambassador
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Leah this is great information to share.   The STAR program is a real help to homeowners, and the lost would be felt.

Aug 31, 2013 03:00 PM #1
Rainmaker
504,451
Lora "Leah" Stern 914-772-4528
Coldwell Banker, 170 N Main Street, New City NY 10956 - New City, NY
Real Estate Salesperson

Jennifer - STAR is a great help to homeowners.  Trying to get the word out there to as many homeowners as possible so that they don't loose the benefit.

Aug 31, 2013 03:10 PM #2
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Lora, that's useful information for residents - very thoughtful of you to post this.

Aug 31, 2013 03:26 PM #3
Rainmaker
2,797,114
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Thank you for the reminder.  I definitely need to do this.  I really don't see the point of all this, but I guess I have no choice.

Aug 31, 2013 06:42 PM #4
Rainmaker
2,797,114
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

The link doesn't go to the right site, BTW.

Aug 31, 2013 06:43 PM #5
Rainmaker
504,451
Lora "Leah" Stern 914-772-4528
Coldwell Banker, 170 N Main Street, New City NY 10956 - New City, NY
Real Estate Salesperson

Praful - We can all use the reminders

Debbie - No choice.  I think its because there has been a lot of misuse of STAR by those not rightfully eligible and they need to clean up the system.  Check the link again.  It worked for me.

Sep 01, 2013 02:27 AM #6
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Leah this is an excellent service on your part to provide this reminder.

Sep 01, 2013 08:16 AM #7
Rainmaker
2,934,869
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Knowing the tax codes is so vital! :)

Sep 01, 2013 01:49 PM #8
Rainmaker
504,451
Lora "Leah" Stern 914-772-4528
Coldwell Banker, 170 N Main Street, New City NY 10956 - New City, NY
Real Estate Salesperson

George - Just doing my part by spreading the word.

Laura - So right you are.

 

Sep 01, 2013 02:36 PM #9
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Joni Bailey
101 Main St. Realty - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTORĀ®

Good Morning, Leah! Many people may not know that they need to re register for this exemption. Great post!!

Sep 01, 2013 11:00 PM #10
Rainmaker
504,451
Lora "Leah" Stern 914-772-4528
Coldwell Banker, 170 N Main Street, New City NY 10956 - New City, NY
Real Estate Salesperson

Jpni - Hopefully by the tine the deadline rolls around they all will know that they've had to re register and will have done so.

Sep 03, 2013 01:13 PM #11
Rainmaker
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Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource
Leah, this sounds like a homestead exemption, is it the same or in addition to it?
Sep 15, 2013 12:05 PM #12
Rainmaker
504,451
Lora "Leah" Stern 914-772-4528
Coldwell Banker, 170 N Main Street, New City NY 10956 - New City, NY
Real Estate Salesperson

Nick, according to wikipedia "The homestead exemption is a legal regime designed to protect the value of the homes of residents from property taxes, creditors, and circumstances arising from the death of the homeowner spouse". 

The STAR exemption is a yearly school tax assessment reduction that every homeowner who earns less than  $500,000 (combined income with spouse) and who's home is their primary residence qualifies for provided thay apply for it.  Once you've applied, you automatically get the deduction each year.  However this year they are requiring re-registration in order to continue to be eligible for the deduction.  Failure to re-apply will disqualify you from receiving the deduction in 2014.

This has nothing to do witht the death of the homeowner or spouse.  Though I'm not familiar with the homestead exemption, it doesn't sound like it resembles it  in any way.

Sep 15, 2013 01:14 PM #13
Rainmaker
2,289,087
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Lora,

I have not heard about a Star Exemption before. Thanks to you I now know!

It's wonderful that you published this information. Many people throughout the United States have family members who live in NY and we can encourage those who qualify to get their star exemption and of course, reference your terrific post too!

You're awesome and thoughtful in providing such valuable information. Thank you Lora!

Sep 16, 2013 10:37 AM #14
Rainmaker
504,451
Lora "Leah" Stern 914-772-4528
Coldwell Banker, 170 N Main Street, New City NY 10956 - New City, NY
Real Estate Salesperson

Pat - Thanks.  I've started calling past customers just to remind them to re-register and have been surprised by just how many are unaware that they have to.  It's a great way keep me top of mind, while I perform a much needed service for them.

Sep 17, 2013 11:19 AM #15
Rainmaker
4,565,513
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Leah, this is an important renew reminder, and hope many read your post.

Sep 19, 2013 01:32 AM #16
Rainmaker
504,451
Lora "Leah" Stern 914-772-4528
Coldwell Banker, 170 N Main Street, New City NY 10956 - New City, NY
Real Estate Salesperson

Joan, we're all doing our part to get the word out so that noone looses out on this.

Sep 29, 2013 04:12 AM #17
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