REMINDER: Deadline looming for BASIC STAR Tax Exemption!
Below are the key eligibility requirements. New York State will be carefully monitoring your qualifications, so please read below before beginning the process:
What is the STAR Exem...ption?
It’s New York State’s School Tax Relief Program, which includes a school property tax rebate program and a partial property tax exemption from school taxes. The STAR program is truly a win/win situation, as your school district gets income tax revenue back from Albany and school taxes are reduced accordingly.
What has changed?
All Eligible homeowners must re-register for the Basic STAR exemption by December 31, 2013 in order to receive their exemption in 2014 and subsequent years. It is a one-time registration, and the tax department will now be monitoring homeowner eligibility in the future so there won’t be a need to reapply.
What do I need to register with New York State?
The names and social security numbers for all property owners and spouses
Your STAR code – this can be looked up online at: http://www.tax.ny.gov/pit/property/star13/lookup.htm
(The state is also in the process of mailing the codes to all Basic STAR recipients)
In order to register for the Basic STAR, you must be able to confirm these three things:
Confirm that the property is the primary residence of one of the owners.
(Married couples with multiple residences may only claim one STAR exemption)
Confirm that the combined income of the owners and their spouses who reside at the property does not exceed $500,000.
Confirm that no owner received a residency-based tax benefit from another state.
How can I register?
Online: http://www.tax.ny.gov/pit/property/star13/
By Phone: # (518) 457-2036See More
Below are the key eligibility requirements. New York State will be carefully monitoring your qualifications, so please read below before beginning the process:
What is the STAR Exem...ption?
It’s New York State’s School Tax Relief Program, which includes a school property tax rebate program and a partial property tax exemption from school taxes. The STAR program is truly a win/win situation, as your school district gets income tax revenue back from Albany and school taxes are reduced accordingly.
What has changed?
All Eligible homeowners must re-register for the Basic STAR exemption by December 31, 2013 in order to receive their exemption in 2014 and subsequent years. It is a one-time registration, and the tax department will now be monitoring homeowner eligibility in the future so there won’t be a need to reapply.
What do I need to register with New York State?
The names and social security numbers for all property owners and spouses
Your STAR code – this can be looked up online at: http://www.tax.ny.gov/pit/property/star13/lookup.htm
(The state is also in the process of mailing the codes to all Basic STAR recipients)
In order to register for the Basic STAR, you must be able to confirm these three things:
Confirm that the property is the primary residence of one of the owners.
(Married couples with multiple residences may only claim one STAR exemption)
Confirm that the combined income of the owners and their spouses who reside at the property does not exceed $500,000.
Confirm that no owner received a residency-based tax benefit from another state.
How can I register?
Online: http://www.tax.ny.gov/pit/property/star13/
By Phone: # (518) 457-2036See More
