New law means homeowners with Basic STAR must
register by Dec. 31, 2013
Area residents who own their own homes may
reduce their school property taxes through the New York State School
Tax Relief (STAR) Program.
New legislation requires all homeowners
receiving a Basic STAR exemption to register with the New York State
Tax Department in order to receive the exemption in 2014 and
The STAR Program is a tax relief for
homeowners, paid for through state taxes. It is not a new source of
funding for schools and does not reduce or increase actual school
tax rates. To receive the tax relief, homeowners must apply through
a local assessor's office. In the past, once homeowners applied for
and received the Basic STAR exemption, they did not need to reapply
unless they purchased and moved to a new primary residence.
New in 2013, taxpayers currently receiving the
Basic STAR exemption must register with the state by Dec. 31, 2013,
in order to receive the exemption in 2014 and subsequent years. The
state will mail letters explaining the registration process to
homeowners in Montgomery County this week.
If you are already registered for a Basic STAR
exemption, though, you do not have to re-register to receive your
2013 exemption. The school tax bill you receive this 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 are not affected by the new registration requirement. They
must continue to apply annually or participate in the Income
Verification Program, though.