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STAR Options
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New
Homeowener's
All homeowener's who purchased their home after 03/01/2015
must register for the STAR Credit program through New York
State. Your STAR savings will be in the form of a
check that you can use to help pay your full school bill.
To register for the STAR credit please
CLICK HERE
STAR Credit
With the STAR Credit option, you will receive a STAR check
each year, instead of receiving the savings on your school
bill. Through
the Credit option you will automatically get the savings
you are entitled to (Basic or Enhanced).
Once you apply for the STAR Credit you do not have
to reapply unless there is a change in ownership or
primary residence.
All homeowners can receive the savings only for
their primary residence if the combined income of the
owners and the owner’s spouse is $500,000 or less. Please
note that if you purchased your home after 03/01/2015 you
can only apply for the STAR Credit.
You must apply for the STAR Credit through the New York
State department of Tax and Finance (NYSDTF).
You can register by calling NYSDTF at (518)
457-2036 or online.
Please Click
HERE if you wish to register online.
The Deadline to apply is two weeks prior to July 1st.
STAR Exemption
Through the STAR Exemption you receive the savings on your
School tax bill.
If you are receiving the STAR Exemption you can
continue doing so as long as you meet the eligibility
requirements.
The STAR Exemption is administered by the local assessor’s
office.
The Enhanced STAR Exemption is only available for
homeowners who are receiving the Basic STAR Exemption, are
65 or older, and have a combined 2019 income of $90,550* or
less. In
order to benefit from the Enhanced STAR Exemption, you
must submit the following documentation by March 1st to
the assessor's office.
A:
COMPLETE, SIGN, and DATE form:
RP-425-E
B:
COMPLETE Mandatory form:
RP-425-IVP (for annual exemption renewal)
C:
Copy of Deed
D:
A Copy of Your 2019 Federal OR NY State TAX RETURN
(Cannot exceed an income limit of $90,550*)
E:
PROOF OF AGE (Birth Certificate or Driver’s
License) At least 1 owner (of a married couple or
siblings) must be 65 years old by December 31, 2021.
F:
PLEASE NOTE: you must have had a STAR Exemption in
the year 2015/2016 School year to use this application for
a Senior Enhanced Exemption.
If you did not have a STAR Exemption in 2015/2016
OR you are a new homeowner, please register for your STAR
Credit with the Dept of Tax and Finance at (518) 457-2036
or online at
www.tax.ny.gov/star.
Making
The Switch
If you are receiving the STAR Exemption you can choose to
switch to the STAR Credit program. Many residents
have switched to the Credit program for the potential of
receiving a greater benefit. The New York State
Department of Taxation and Finance best explains the
possible greater benefit in their Question and Asnwer
page. Please
CLICK HERE to view that page.
For more
information on the STAR programs please click
HERE.
STAR Savings 2020
Basic STAR- $37,210
Enhanced STAR- $86,580
* The Enhanced STAR income limit is adjusted
annualy. please contact the assessor's office for more
information
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