Senior Homeowners Can Save On Property Taxes Through STAR Exemptions
Posted in Senior Health Care Tips
New York State School Tax Relief Program – STAR
Tax season can be a strenuous time of year at any age, but older New York homeowners seeking relief just need to wish upon a STAR (exemption) for an easy rebate on their property tax.
The New York State School Tax Relief Program (STAR for short) is a program run by the New York State Department of Taxation and Finance since 1997. The program requires homeowners 65 and older to fill out and file a short registration form with the state in exchange for a rebate on their property taxes. More specifically, STAR recipients will pay their property taxes as normal, however they will receive a rebate check from the state, which reimburses the homeowner for a state-wide school tax already built into New York State property tax.
While there is some fine print regarding eligibility, applying for this credit is incredibly easy.
STAR Exemption Checklist
To receive a STAR Exemption, homeowners must meet the following criteria:
- The homeowner must live in the property meant to receive the exemption and must be 65 or older. If the property is jointly-owned, at least one owner must be this age.
- The residents of the home must make a total of less than $86,000 to receive benefits in 2017, this includes any forms of income listed on your federal tax return
How To Apply
To register for STAR benefits, simply visit the NYS Department of Taxation and Finance website, click “Register” and follow the instructions on the website. Applications for this year’s benefits must be filed by MARCH 15.
SelectCare Home Care Services believes every New Yorker has the right to live happily and healthily in the comfort of their longtime home, no matter what challenges they face. While we specialize in providing compassionate home health care services through our incredible staff of home caregivers, our staff is always on the lookout for new programs and opportunities that can help our community get by. To learn more about SelectCare and how we can help you or a loved one, call us today or request a free home health care guide.