ALL New York State residents who own their own homes can significantly reduce their school property taxes through a School Tax Reduction (STAR) exemption, regardless of age or income. But the savings is not automatic.
Typically, you have to apply with your town assessor's office by March 1 to be eligible for the tax break â€“ and seniors who apply for the enhanced exemption must reapply each year.
If you are already registered for a Basic STAR exemption, though, you do not have to re-register to receive your 2013 exemption.
tax bill you receive in the fall will show the total amount you are
exempt from paying under STAR. The actual amount of the full value
exemption is dependent on the individual city/town where you reside.
Senior citizens receiving the Enhanced STAR exemption must continue to apply annually or participate in the Income Verification Program.
For more information about the STAR program, contact the assessor's office in your town.
The STAR (School Tax Relief) program is a state program that the
district has no control over. The New York State STAR program is
intended to be solely a state tax relief programâ€”NOT state aid for
It is important for all taxpayers in New York State to understand how the STAR program works, because by taking advantage of it property owners can save hundreds of dollars a year on their school taxes.
Anyone who has questions about STAR should call their town assessor or go online to http://www.tax.ny.gov/pit/property.