New state legislation
requires all homeowners who received a BASIC STAR property tax exemption in
2013 to register with the New York State Tax Department in order to receive the
exemption in 2014 and future years. The registration requirement is part
of a new initiative to protect New Yorkers against inappropriate or fraudulent
STAR exemptions. The deadline to
register is Tuesday, Dec. 31, 2013.
Most residents received a letter from the New York State Department of Taxation and Finance in September with instructions and a STAR code.
The BASIC STAR exemption is available for owner-occupied, primary residences where the combined income of resident owners and their spouses is $500,000 or less. Homeowners can register and get more information here or by calling 518-457-2036.
Homeowners applying for STAR exemptions for the first time must complete Form RP-425, the Application School Tax Relief, which is available online and file it with their local tax assessor. Homeowners should be prepared to provide the STAR code included in the letter they received from the state and confirm their home’s address. Additionally they must list the names and social security numbers of the owners and spouses and confirm that no one is receiving a residency-based tax exemption from another state.
Senior Citizens who receive the Enhanced STAR property tax exemption are not affected by this directive and do not need to register. They must apply annually or participate in the income verification program.