2015 New York State STAR Exemption Deadline

It is that time of year again. If you purchaed a home from me with in the past year and it is your main residence, I want to make sure you do not miss the deadline for filing for your STAR exemption on your School Taxes. You deserve this exemption, make sure you get it! 
 

Two types of STAR exemptions:

Basic STAR

  • available for owner-occupied, primary residences where the resident owners' and their spouses income is less than $500,000
  • exempts the first $30,000 of the full value of a home from school taxes

Enhanced STAR

  • provides an increased benefit for the primary residences of senior citizens (age 65 and older) with qualifying incomes
  • exempts the first $65,300 of the full value of a home from school taxes as of 2015-16 school tax bills (up from $64,200 in 2014-15)

STAR exemptions apply only to school district taxes. They don't apply to property taxes for other purposes, such as county, town or city (except in cities where city property taxes fund schools - Buffalo, New York City, Rochester, Syracuse and Yonkers).

 
The February 28, 2015 deadline to file for the NYS School Tax Relief is almost upon us!  If you have not already filed for STAR, you need to complete the enrollment form and provide proof of residency for your new home. 
 
To apply for STAR exemptions, click here:
OR call the NYS Dept. of Taxation at (518) 457-2036
 
I hope you find this information of value! 
Sue

Suzanne Darling, GRI, ABR, ePRO
Associate Broker
Realty USA
Cell:  607-563-7012 
email: sue.a.darling@gmail.com 
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