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Old 02-11-2009, 11:57 AM
 
42 posts, read 82,023 times
Reputation: 26
Default Basic Star exemption question

How do you know if you are getting the basic STAR exemption ?

Does the exemption show up on your mortgage ?

Thanks
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Old 02-11-2009, 12:11 PM
 
2,932 posts, read 5,533,946 times
Reputation: 742
It will show up on your tax bill. If you are not sure, call your town's tax collector's office.
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Old 02-11-2009, 12:30 PM
 
549 posts, read 1,512,705 times
Reputation: 89
If you are in Nassau it will show here - Land Record Viewer
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Old 02-11-2009, 12:58 PM
 
42 posts, read 82,023 times
Reputation: 26
Thanks for your help .

Here is my issue . While going through a refinance , I found that the title was still under the name of the previous owners . Yeah ... Great job by the title company !

The lawyer who handled the closing said he never follows up on it unless a problem arises . Well , problem has arised during the re-fi . He said did you ever apply for the STAR ? You would have relized this issue then .

On the Land Record viewer page , it says that I receive the BASIC star exemption , but also has an exemption for Alternative non-Combat Veteran Exemption . Which I assume is from the previous owner , since I am not a veteran .

So , I guess the town is still looking at the title under the previous owner ??

Any thoughts ?

I do not see any STAR reference in my mortgage statements .

Thanks
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Old 02-11-2009, 01:06 PM
 
549 posts, read 1,512,705 times
Reputation: 89
Quote:
Originally Posted by Jon_Sack View Post
Thanks for your help .

Here is my issue . While going through a refinance , I found that the title was still under the name of the previous owners . Yeah ... Great job by the title company !

The lawyer who handled the closing said he never follows up on it unless a problem arises . Well , problem has arised during the re-fi . He said did you ever apply for the STAR ? You would have relized this issue then .

On the Land Record viewer page , it says that I receive the BASIC star exemption , but also has an exemption for Alternative non-Combat Veteran Exemption . Which I assume is from the previous owner , since I am not a veteran .

So , I guess the town is still looking at the title under the previous owner ??

Any thoughts ?

I do not see any STAR reference in my mortgage statements .

Thanks
It won't show on your mortgage statement, I would call the town.
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Old 02-11-2009, 01:17 PM
 
151 posts, read 323,571 times
Reputation: 61
Quote:
Originally Posted by Jon_Sack View Post
Thanks for your help .

Here is my issue . While going through a refinance , I found that the title was still under the name of the previous owners . Yeah ... Great job by the title company !

The lawyer who handled the closing said he never follows up on it unless a problem arises . Well , problem has arised during the re-fi . He said did you ever apply for the STAR ? You would have relized this issue then .

On the Land Record viewer page , it says that I receive the BASIC star exemption , but also has an exemption for Alternative non-Combat Veteran Exemption . Which I assume is from the previous owner , since I am not a veteran .

So , I guess the town is still looking at the title under the previous owner ??

Any thoughts ?

I do not see any STAR reference in my mortgage statements .

Thanks
[SIZE=2]Better get that fixed, the same thing happened to me. For two years before I realized it. I had to payback all I owed due to the added exemption the next tax bill. [/SIZE]
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Old 02-11-2009, 02:42 PM
 
Location: NY
1,416 posts, read 3,423,917 times
Reputation: 523
Yes, best to correct it ASAP. Otherwise the bill that will ultimately contain the extra property taxes that you should have paid from the time you bought the house, until that point, will be a real whopper. Your monthly escrow amount will explode when the bank gets that one from the town.
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Old 02-11-2009, 10:02 PM
 
161 posts, read 413,621 times
Reputation: 55
this happened to a friend of mine that lives in Queens. He bought the house about 4 years ago and just now got a letter saying that he owes almost 10K in back takes because the previous owner had a enhanced star rebate and some Veteran discount. He is trying to find out why the bank didn't catch this because they are the one paying the tax on the house through the mortgage payments.
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