Search results
Results From The WOW.Com Content Network
The Basic STAR exemption is available to all eligible homeowners with incomes below $250,000, regardless of the owners’ age. The Enhanced STAR exemption provides a larger benefit to seniors who meet the Enhanced income and eligibility standards.
All Enhanced STAR recipients are required to participate in the Enhanced STAR Income Verification Program (IVP). In the first year that you apply for the Enhanced STAR exemption, your assessor will verify your eligibility based on the income information you provide.
Follow these steps to calculate the STAR savings amount: Find your Maximum Enhanced STAR exemption savings. Determine the total amount of school taxes owed before adjusting the bill for the STAR exemption. Multiply the Enhanced STAR exemption amount by the school tax rate (excluding any library levy portion) divided by 1000. The lesser of Steps ...
Provides increased benefit for the primary residences of senior citizens (age 65 and older) with qualifying incomes: $98,700 or less for the 2024-2025 school year
Enhanced STAR is available for seniors with incomes of $88,050 or less and is a larger benefit: Basic STAR is based on the first $30,000 of a home's value, while Enhanced is on the first...
When you become eligible for Enhanced STAR, we'll automatically upgrade you to the Enhanced STAR benefit. If you are a Basic STAR exemption recipient who turns 65 and meets the eligibility requirements, you should apply to your assessor for the Enhanced STAR exemption.
You may be eligible for Enhanced STAR if you will be 65 or older in the calendar year in which you apply. The total income of all owners and resident spouses or registered domestic partners cannot exceed $107,300. Deadline: You must apply by March 15 to receive the benefit in the following tax year, which begins July 1. Applying online: You can ...