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Did you know?
New law requires all homeowners age 65 and over who are eligible for Enhanced STAR property-tax break to verify their income. New York spends $3 billion a year on STAR program, the most expensive property tax-rebate program in the nation. About 650,000 New Yorkers receive Enhanced STAR every year, while there are 2.6 million Basic STAR recipients.
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How do I apply for Enhanced STAR program?
Form RP-425-IVP, Supplement to Form RP-425-E (include the Social Security numbers of all owners of the property and any of their spouses who reside at the property); and.
Form RP-425-E, Application for Enhanced STAR Exemption.
When can I apply for Enhanced STAR program?
Enhanced STAR exemption applicants must apply on or before March 1, 2018, to receive STAR benefits in the fall of 2018. Enhanced STAR credit applicants should register as soon as possible after moving into their homes.
How do you qualify for Enhanced STAR program?
Form RP-425-IVP, Supplement to Form RP-425-E (include the Social Security numbers of all owners of the property and any of their spouses who reside at the property); and.
Form RP-425-E, Application for Enhanced STAR Exemption.
What is the deadline for enhanced star?
A new law in New York requires all property owners age 65 and over who are eligible for Enhanced STAR to complete a form with their local tax assessor to verify their income. The deadline is March 1 in most municipalities, so seniors can get the break on their school taxes this fall.
What is the maximum income for enhanced star?
Basic STAR is for homeowners' primary residence if their household income is less than $500,000. 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 do I apply for the STAR program?
To apply to STAR, a new applicant must: Use Form RP-425, Application for School Tax Relief (STAR) Exemption, available on the Tax Department's website at tax.NY.gov or contact the Nassau County Assessor's Office at (516) 571-1500. File the application with the Nassau County Assessor's Office.
How much is the Enhanced STAR exemption?
The Enhanced STAR exemption amount is $68,700 and the school tax rate is $13.123456 per thousand.
What is the income limit for enhanced star?
To be eligible for Enhanced STAR, you must have earned no more than $86,000 in the 2016 tax year. Eligibility is based on the combined incomes of all the owners and any owner's spouse who resides at the property. Even if you exceed this limit, you are most likely still eligible for Basic STAR.
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