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Friday, January 25, 2013

Save Money on Your Taxes with the STAR Exemption

The STAR Exemption is a New York State reduction in schools taxes for homeowners.

Are you taking advantage of this savings? The deadline to apply is March 1, 2013.

Facts Worth Knowing:

1. The STAR Exemption only applies if the property is your primary residence.
2. To qualify for the Basic STAR Exemption your combined household income must be lower than $500,000 a year.
3. The Enhanced STAR Exemption is available to those homeowners aged 65 or older who meet the income requirements.
4. You only need to apply once to receive the STAR Exemption every year.

Click here for the STAR Exemption Form. Bring the completed form along with your deed to your town assessor's office.

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