PSA for New York Home owners from Cobra Esq
#1
12-03-2013, 07:52 AM
PSA for New York Home owners from Cobra Esq
If you already know about the STAR program skip down for NEW filing requirements
This year EVERYONE except senior citizens receiving an enhanced STAR must register or re-register by December 31, 2013.
Go to Department of Taxation and Finance click "Register for STAR" It takes about 5 minutes and you must have the Social Security number for all owners.
By now you already should have received your notice in the mail with your STAR registration code. Do not wait for the mail, it may never arrive. You can look up the code on the site.
The New York State School Tax Relief Program (STAR) provides homeowners with partial exemptions from school property taxes. If you earn less than $500,000 and own and live in your home, you are probably eligible for the STAR exemption.
The STAR Program includes two exemptions: 1) Basic STAR - available for owner-occupied, primary residences where the owners’ total income is less than $500,000. 2) Enhanced STAR - provides an increased benefit for the primary residences of senior citizens (age 65 and older) with incomes of $79,050 or less.
STAR exemptions apply only to school district taxes. They do not apply to property taxes for other purposes, such as county, town or city (except in cities where schools are funded through city property taxes - Buffalo, New York City, Rochester, Syracuse and Yonkers).
The STAR Program includes two exemptions: 1) Basic STAR - available for owner-occupied, primary residences where the owners’ total income is less than $500,000. 2) Enhanced STAR - provides an increased benefit for the primary residences of senior citizens (age 65 and older) with incomes of $79,050 or less.
STAR exemptions apply only to school district taxes. They do not apply to property taxes for other purposes, such as county, town or city (except in cities where schools are funded through city property taxes - Buffalo, New York City, Rochester, Syracuse and Yonkers).
Go to Department of Taxation and Finance click "Register for STAR" It takes about 5 minutes and you must have the Social Security number for all owners.
By now you already should have received your notice in the mail with your STAR registration code. Do not wait for the mail, it may never arrive. You can look up the code on the site.
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