Earlier this month, the New York State Tax Department unveiled a secure online STAR Registration platform for homeowners currently receiving the Basic STAR property tax exemption. The system will facilitate Governor Andrew M. Cuomo’s 2013-14 Budget initiative to save New York taxpayers millions by eliminating inappropriate STAR property tax exemptions.
The STAR Program provides 2.6 million 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 Governor’s initiative follows a Tax Department investigation that showed some homeowners were receiving the exemption on more than one property.
“This balanced approach protects the integrity of the STAR program and guards taxpayer dollars from those who seek to game the system,” said Governor Cuomo. ”The registration program provides an accessible, convenient and secure way for qualified homeowners to retain their exemption.”
“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,” said Commissioner of Taxation and Finance Thomas H. Mattox. “This is the first registration in the STAR Program’s 15-year history, and it will eliminate inappropriate and fraudulent exemptions.”
The Tax Department is mailing letters to all 2.6 million Basic STAR recipients. The letter includes registration instructions for the department’s online application. It also provides homeowners with a telephone number for registration or questions – 518-457-2036.
The deadline for completing the registration is December 31, 2013. The registration applies only to Basic STAR recipients; senior citizens receiving the Enhanced STAR exemption are not impacted.
The Basic STAR exemption is available for owner-occupied, primary residences where the combined income of resident owners and their spouses is $500,000 or less. Married couples with multiple residences are only eligible to receive one Basic STAR exemption.
The average homeowner benefit as a result of Basic STAR is $700 annually. Statewide, total savings are nearly $1.9 billion each year. The Basic and Enhanced STAR exemptions are the only property tax exemptions reimbursed by New York State.
Register online at tax.ny.gov.