Important Information Regarding 2014 STAR Exemption for Home-owners
To keep STAR tax break, you'll need to reapply by Dec. 31
In coming weeks, homeowners will receive a letter instructing them to reapply for the STAR program online or by phone by Dec. 31. People will need to verify their salaries, Social Security numbers and primary residence.
In coming weeks, homeowners will receive a letter instructing them to reapply for the STAR program online or by phone by Dec. 31. People will need to verify their salaries, Social Security numbers and primary residence.
The initiative, approved as part of the state budget in March, will seek to stop some property owners from claiming the tax breaks on multiple homes.
The 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 subsequent years.
· Homeowners will not have to register in order to receive their 2013 STAR exemptions.
· Homeowners will not have to re-register every year. Based on the information provided in the registration process, the Tax Department will monitor homeowners' eligibility in future years.
How to register
You can register for the STAR exemption online. You'll need to:
· provide a STAR code (we're mailing codes to all Basic STAR recipients; or you can use the STAR code lookup)
· provide the names and social security numbers for all owners of the property and spouses
· confirm that the property is the primary residence of one of its owners (married couples with multiple residences may only claim one STAR exemption)
· confirm that the combined income of the owners and their spouses who reside at the property does not exceed $500,000
· confirm that no resident owner received a residency-based tax benefit from another state
You can also register by calling (518) 457-2036
· Monday - Friday: 8:30 am - 8:00 pm
· Saturday: 9:00 am - 1:00 pm
Registration period
Registration started on August 19, 2013 and will continue through December 31, 2013.
Senior citizens
Senior citizens receiving the Enhanced STAR exemption are not affected by the new registration requirement. Seniors must, however, continue to:
· apply annually, or
For more information contact (518) 457-2036 or visit New York State Department of Taxation and Finance.