REMINDER TO RESIDENTS TO APPLY FOR THE SCHOOL TAX REDUCTION (STAR) PROGRAM
The New York State STAR Program has saved Nassau County taxpayers millions of dollars since its inception. I just want to remind seniors who are or will be 64 years old during 2012 that they may be eligible for the Enhanced STAR Program, and anyone who has moved, or has not applied for the program in the past, that now is the time to file your application.
The STAR (“School Tax Reduction”) Program works in two parts – Basic STAR and Enhanced STAR. The Basic STAR exemption is available to all New York State residents who own and live in their own home, condominium or cooperative apartment and who have adjusted gross incomes of $500,000 or less, regardless of age. The Enhanced STAR exemption is available to senior citizen property owners whose adjusted gross income is $79,050 or less, and who will be 64 or older by December 31, 2012. If the property is owned by a husband and wife, or by siblings, only one must be at least 64 years old this year.
Residents who already receive the Basic STAR or who are already participating in the Enhanced STAR Income Verification Program do not need to refile. But anyone who has moved to a new address, who has never filed for the program, or who is 64 years of age should definitely take advantage of this tremendous tax exemption program.
Residents who have moved within the past year and had the STAR exemption at the previous address need to file a new application. The STAR exemption is not automatically transferred to a new address.
In addition to the State’s STAR Program, which reduces school taxes, Nassau County also offers property tax exemptions for Senior Citizens, Veterans, Cold War vets, Volunteer firefighters or ambulance service workers, persons with disabilities and limited incomes, and first-time homebuyers of newly constructed homes.
Information and applications for any of these programs can be obtained from the Nassau County Department of Assessment. Click here for all Exemption Forms.