Get the free RP-425

This form is used by property owners in New York State to apply for the School Property Tax Savings (STAR) exemption for their primary residence. It includes information about eligibility requirements,

How to fill out rp-425

How to fill out RP-425

1. Begin by downloading the RP-425 form from the official website of your local tax authority.
2. Fill in your name and contact information at the top of the form.
3. Indicate the type of property you are applying for tax exemption on.
4. Provide accurate details about the property including its location and assessed value.
5. Complete any required sections related to your income or eligibility for the exemption.
6. Attach any necessary documentation as specified in the instructions.
7. Review the completed form for accuracy.
8. Submit the form by the designated deadline to your local tax authority.

Who needs RP-425?

1. Property owners seeking a tax exemption for their eligible property.
2. Individuals who meet the eligibility criteria set by the local tax authority.
3. Non-profit organizations that qualify for property tax exemptions.

People Also Ask about

How does the Star program work in ny?

STAR is the New York State School Tax Relief program that provides an exemption on a portion of school property taxes, or a rebate check, for owner-occupied primary residences. There are 2 types of STAR exemptions or rebate checks - basic and enhanced. View yearly STAR exemption amounts.

Do you have to apply for the NYS Enhanced Star Program every year?

In future years. You don't need to register again in future years unless there is a change in the ownership of your home. We'll review your information every year and automatically issue a STAR credit to you if you're eligible.

Do you have to apply for the enhanced star program every year?

In future years, you will not need to reapply for the Enhanced STAR exemption; the Tax Department will automatically review your income to determine eligibility. See How to enroll for Enhanced STAR application instructions. You will need to reapply for the senior citizens exemption annually.

At what age do you stop paying property tax in NYS?

To be eligible for SCHE, you must be 65 or older, earn no more than $58,399 for the last calendar year, and the property must be your primary residence. The exemption must be renewed every two years.

How much is the enhanced star exemption for seniors?

The average tax break is about $790 a year, while the average Enhanced STAR was about $1,400 for eligible seniors. Enhanced STAR is for homeowners age 65 and older with incomes of $86,300 or less.

How much will my NYS Star rebate check be?

Basic STAR is for homeowners whose total household income is $500,000 or less. The benefit is estimated to be a $293 tax reduction. Enhanced STAR is for homeowners 65 and older whose total household income for all owners and residents spouses is $98,700 or less. The benefit is estimated to be a $650 tax reduction.

How much is NYS enhanced star exemption for seniors?

Basic STAR is for homeowners whose total household income is $500,000 or less. The benefit is estimated to be a $293 tax reduction. Enhanced STAR is for homeowners 65 and older whose total household income for all owners and residents spouses is $98,700 or less. The benefit is estimated to be a $650 tax reduction.

Do I have to apply for NYS Enhanced Star every year?

After you enroll in the IVP, you are not required to reapply annually for the exemption. However, please advise your assessor if the property is no longer your primary residence or you move.

For pdfFiller’s FAQs

What is RP-425?

RP-425 is a specific form used for reporting property taxes, typically related to exemptions for certain types of property, such as agricultural or residential properties.

Who is required to file RP-425?

RP-425 must be filed by property owners who are applying for a specific property tax exemption or who are required to report on their property's eligibility for exemptions.

How to fill out RP-425?

To fill out RP-425, property owners should provide accurate details about their property, including ownership information, location, the type of exemption being requested, and any supporting documentation required.

What is the purpose of RP-425?

The purpose of RP-425 is to allow property owners to apply for property tax exemptions, ensuring compliance with local regulations and providing necessary information to tax authorities.

What information must be reported on RP-425?

RP-425 requires information such as the property owner's name, address, the description of the property, the type of exemption being requested, and any supporting documentation that verifies eligibility.