BaldwinPat's Blog

Is $700 a Lot of Money to You?

Is $700 a Lot of Money to You? 

Don't Let Your STAR Fly Away

Cuomo Statewide Initiative Follows Misuse of Exemption

New York Basic STAR Exemption

Baldwin NY Real Estate

 

Is $700 a lot of money to you? Well that is what many homeowners will be losing if they do not re-register for the Basic STAR exemption by December 31, 2013. This is actually a re-blog for those who may have missed it the first time.

 

The New York Tax Department, in response to Governor Andrew Cuomo's initiative to save New York taxpayer's millions by eleminating inappropriate Basic STAR property tax exemptions, has launched a mandatory statewide Basic STAR registration. The registration deadline is December 31, 2013 and affects homeowners currently receiving the Basic STAR exemption.

The registration is mandatory and impacts Basic Star Exemptions for 2014 and beyond. The Average benefit as a result of Basic Star is $700 annually.

The initiative includes  an easy, fast and secure online STAR Registration platform at www.tax.ny.gov. The Tax Department is mailing letters to all 2.6 million Basic STAR recipients. The letter includes registration instructions for the online application Taxpayers can also call 518 457-2036 to register by phone or to speak with a representative.

 

Online NY Basic STAR Exemption Registration

 

 

Baldwin Star

 

 

Governor's Initiative Follows Tax Department Investigation

The Basis STAR provides 2.6 million NY homeowners with savings on their school property tax bills each year, but is only available for an individual's or family's primary residence. The Tax Department investigation showed some homeowners were receiving the exemption on more than one property.

As stated by Thomas H. Mattox, New York State Commissioner of Taxation and Finance, "Local Assessors monitor Basic Star in their communities, but do not have the ability to know if an individual is receiving STAR in any of the other 1,000 localities statewide. This is the first registration in the STAR Program's 15-year history, and it will eliminate inappropriate and fraudulent exemptions."

 

 

Online NY Basic STAR Exemption Registration

 

Senior Citizens Receiving Enhanced Star not Affected

Senior citizens receiving Enhanced STAR are not impacted by this registration. Seniors must continue to apply annually or participate in the income Verification Program.

 

For Further Information

Go to: www.tax.ny.gov

Call: 518 457-2036

 

Baldwin Star

 

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Information deemed Relable but not Guaranteed.

All photos and written content were produced by Patrick White. All Rights Reserved. This content may not be reproduced or reprinted, except for Active Rain Re-blogging, without express written  permission of Patrick White, REALTOR®, Home Driven Realty, Inc., Baldwin, New York.

Patrick White, IMSD, e-Pro, RSPS, SFR, SRES, Realtor
Licensed Real Estate Broker

Home Driven Realty Inc
www.HomeDrivenRealty.com

mailto://Pat@HomeDrivenRealty.com

www.Facebook.com/HomeDrivenRealtyInc


Twitter http://twitter.com/#!/BaldwinLI

Mobile Telephone: 917 533-8475
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Comment balloon 10 commentsPatrick White • November 15 2013 06:49PM
Is $700 a Lot of Money to You?
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Is $700 a Lot of Money to You? Don't Let Your STAR Fly Away Cuomo Statewide Initiative Follows Misuse of Exemption New York Basic STAR Exemption Baldwin NY Real Estate Is $700 a lot of money to you? Well that… more
Don't Let Your STAR Fly Away
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