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New Homeowners Must Register to Receive NYS STAR Exemption
New Homeowners Must Register to Receive NYS STAR Exemption
By: Kelly J. Graves
New York State Department of Taxation and Finance has implemented a new procedure for homeowners to receive the STAR Exemption.
- Homeowners who purchased their home prior to May 1, 2014 will continue to receive the STAR exemption.
- Homeowners who purchased their home between May 1, 2014 and August 1, 2015 and after the 2015 STAR application deadline or applied for exemption after the application deadline, must register to receive the STAR credit. For most municipalities the application deadline was March 1, 2015. However, the deadline differs for certain municipalities.
- Homeowners who purchased their home AFTER August 1, 2015 must register to receive the STAR credit.
If you purchased your home after May 1, 2014 and would like to learn more or would like to find your municipality’s deadline, please visit the New York State Department of Taxation and Finance’s website at tax.ny.gov/pit/property/star or click here [STAR Exemption Summary] for a PDF copy of the new STAR property tax relief rules and application deadlines.
If you have any questions or if we can be of any assistance, please do not hesitate to contact me or the attorney in our firm with whom you typically work.
To view this article in PDF format, please click here [New Homeowners Must Register to Receive NYS STAR Exemption].
