ALBANY, N.Y. - The New York State Department of Taxation and Finance has issued a final reminder that homeowners must register for the Basic STAR property tax exemption by December 31, 2013.
The School Tax Relief, or STAR, exemption program applies to homeowners with a combined income of less than $500,000. The first $30,000 of the value of your home will see no school taxes.
State tax officials have been providing direct assistance to homeowners in seven STAR registration locations, one in Albany, for Capital Region residents, but that tax help ends Friday.
The exemption, which normally rolls over each year, needs to be filled out again by any homeowner wanting tax relief. Typically a homeowner would have enrolled in this program when they bought their home, and since then it has simply been renewed without any action. But if you want it for 2014 – you need to act soon. This is part of an effort to weed out waste and abuse.
Senior citizens receiving the Enhanced STAR exemption are not impacted by the new registration program.
Register online at www.tax.ny.gov or register by phone by calling #518-457-2036.