Requirements for eligibility for Real Property and School Tax Exemptions 2014-2015
Basic STAR Exemption New legislation requires all homeowners receiving a Basic STAR exemption to register with the NYS Tax Department in order to receive the exemption in 2014 and subsequent years. This is part of a new initiative to protect New Yorkers against inappropriate or fraudulent STAR exemptions. The NYS Tax Department will mail notices to Nassau County property owners between September 16, 2013 and October 4, 2013, with instructions to all homeowners who currently receive the Basic STAR exemption. The letters will include a STAR code that homeowners will need to register. In addition to the mail instructions, homeowners will be able to find their STAR code through online lookup or by phone at 518-457-2036. Resident homeowners applying for Basic STAR for the first time are not affected by this years registration procedure. New applicants, regardless of age, are for homeowners whose income is less than $500,000, including senior citizens whose income does not qualify for the Enhanced STAR, using Form RP-425.
Enhanced STAR Exemption for senior citizen homeowners who are 65 years of age or older, during the year in which the exemption takes effect, and whose annual income does not exceed $81,900.
Senior Citizens Real Property Tax Exemption All owners must be 65 years of age or over during the year in which the exemption takes effect. If property is owned by husband and wife, or by siblings, only one owner must be 65 years of age. Eligibility is for total income to be $37,400 or less, after all income requested, and after deducting all out of pocket medical, dental, eye doctor, eyeglasses and prescription drugs, as well as deducting any health insurance premiums Medicare and supplemental health insurance plans. This works on a sliding scale basis - $37,400 (5%), down to $29,000 or less (50%).
Exemption for persons with Disabilities & Limited Incomes Depending upon the status of disability, the income will be the same for persons under the age of 65, as for the Senior Citizens Real Property Tax Exemption, i.e. $37,400 (5%), down to $29,000 or less (50%). Persons under the age of 65 do not qualify for the Enhanced STAR program.
Veterans Real Property Tax Exemption for homeowner who is a veteran or un-remarried surviving spouse must meet certain criteria and must have served on active duty in U.S. Armed Forces during certain war periods.
Volunteer Firefighter/Ambulance Property Tax Exemption Property must be owned by an enrolled and certified member of an incorporated volunteer fire company, fire department or ambulance service for at least five (5) years and is required to renew each year; or, if allowed by local option, be eligible for a lifetime exemption with twenty (20) years of service.
Cold War Real Property Tax Exemption This exemption provides a partial property tax exemption to veterans who served during the Cold War period. This law also provides an additional exemption to disabled veterans, equal to one-half of their service-connected disability ratings. The basic exemption is limited to 10 years, but there is no time limit for the disabled portion of this exemption. In both instances, the exemption is limited to the primary residence of the veteran, and is applicable only to general municipal taxes, not to school taxes or special district levies.
ALL OF THE ABOVE EXEMPTION APPLICATIONS ARE REQUIRED TO BE FILED BEFORE JANUARY 2, 2014.