If you own and live in your home and your combined income is less than $500,000, you are entitled to claim a STAR exemption. This reduces your school taxes by exempting the first $30,000 of your primary residence's value from being taxed.
There is also an enhanced STAR program for those aged 65 and better. This provides tax relief on the first $62,200 of property value. Eligibility requires a maximum combined (all homeowners) income upper limit of $79,050.
Additional information may be found on the Department of Taxation and Finance web page. A printable STAR form may be found at this link.
The filing deadline is less than a week away. Forms may be dropped off at the Town Assessor's office.
East Hills Homeowners Association - Loudonville, Albany, NY 12211
No comments:
Post a Comment
You may comment anonymously if you wish. All comments are moderated prior to publication, so will not appear immediately.