Owner-occupied property that is a one, two, or three-family residence, a mobile home or trailer, a farm home, or a residential condominium or cooperative apartment, and which serves as the primary residence of the owner or that portion of any other type of property which is partially used by the owner as a primary residence, is partially exempt from school district taxes, but liable for general municipal and county taxes, as well as for special ad valorem levies and special assessments. All primary-residence homeowners are eligible for the "Basic" STAR exemption, regardless of age or income. The amount of the basic exemption is $30,000, subject to equalization and other adjustments.
If the exemption is granted, the owner need not reapply in subsequent years to keep this exemption, unless the exemption is discontinued or revoked by the assessor.
Primary-residence owners that meet additional requirements are eligible to receive the "Enhanced" STAR exemption. To be eligible, all property owners must be 65 years of age or older, with incomes that do not exceed $84,550 a year as amended annually according to a cost-of-living adjustment (COLA) used by the Social Security Administration. For purposes of the Enhanced STAR exemption, "income" means the "adjusted gross income" for federal income tax purposes as reported on the applicant's federal or state income tax return for the applicable income tax year, minus any taxable distributions from an Individual Retirement Account (IRA). Low-income seniors who will be receiving the senior citizen exemption will automatically qualify for the STAR exemption, without filing a separate STAR application. Although senior citizens whose annual incomes exceed the eligible income limit for a given year will not be eligible for the Enhanced STAR exemption, they may be eligible for the Basic STAR exemption.
Eligible owners applying for the Enhanced STAR exemption may authorize the assessor to have their incomes verified in subsequent years by the State Department of Taxation and Finance, through the STAR income verification program. If the owners participate in the program, they must furnish their taxpayer identification number to the assessor at that time. If such owners have their income eligibility verified and meet all other eligibility requirements, they will not be required to submit annual renewals and income tax records to the assessor in subsequent years. However, if the owner or owners stop participating in the income verification program, the owners must resume submitting applications and tax returns to the assessor's office on or before taxable status date to remain eligible for this exemption. Such owners have the option to re-enter that program in a later year.
Owners receiving this exemption who do not qualify for the senior citizens exemption must reapply each year in order to keep the exemption in effect, except for those who elect to participate in the STAR income verification program.
The STAR exemption must be applied after all other applicable exemptions have been applied to the property's assessed value. However, the exemption may not reduce the property's taxable assessed value below zero, nor may any owner receive both the basic and Enhanced STAR exemptions in the same year. Anyone who misrepresents his or her primary residence, age or income on a STAR application may be subject to a $100 penalty, may be prohibited from receiving the STAR exemption for five years, may have to return up to three years of taxes saved by the improperly granted exemption, and may be subject to criminal prosecution.
FINAL CERTIFIED STAR AMOUNTS
Please Be Advised
New STAR Legislation https://www.tax.ny.gov/pit/property/star/default.htm
There have been some changes in how certain homeowners will apply for STAR, and in how they receive their STAR benefit. The STAR program continues to provide much-needed property tax relief to New York State’s homeowners. New applicants who qualify for STAR will register with New York State instead of applying with their assessor. If they qualify, they will receive a STAR credit in the form of a check, rather than receiving a property tax exemption.
To be eligible for a STAR check, you must register with the New York State Tax Department by:
The dollar value of the credit will be the same as the property tax exemption.