STAR Property Tax Exemption |
| The basic
STAR exemption for every property owner who applied is a
reduction in assessed property value of $1700, leading to a reduction in
school taxes of approximately $905 this year. If at least one of the property owners will be over 65 on December 1, 2001 and the total family adjusted income was below $60 000 last year, the enhanced STAR exemption is a reduction in assessed property value of $2840, leading to a reduction in school taxes of approximately $1513 this year. It is too late to file a STAR application this year. The filing deadline for next year is May 1, 2002. Send this application form STAR Application from New York State website (requires Adobe Acrobat Reader) to
If you have already applied for the basic STAR exemption, it is not necessary to apply again. You will receive the exemption every year. However, since the application for the enhanced exemption requires a statement of annual income, you need to apply for the enhanced exemption every year. |