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Old 07-22-2009, 03:52 AM
 
22 posts, read 57,656 times
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Default Property Taxes: Star Reduction?

Hello,

Can anybody explain what a "star reduction" is for properties in New York (or at least Westchester County)? If a property is listed as having $15,000 property taxes, but there is mention of a $2,500 star reduction, does this mean the owner "only" pays $12,500 in taxes? Can anybody qualify for the reduction, or is it based on income levels or some other technicality?

Thank very much in advance!
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Old 07-22-2009, 05:02 AM
 
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STAR is School Tax Relief. All the details are here: STAR - NYS Office of Real Property Services
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Old 07-22-2009, 07:22 PM
 
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I heard the STAR will be phased out in NY due to all the state budge problems. Is it true?
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Old 07-22-2009, 09:06 PM
 
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Here's a quick synopsis of STAR.
It is a tax relief program that continues at the whim of state elected officials. There are several components: basic, enhanced (for senior citizens) and the rebate checks. The rebate checks are what is being discontinued due to NYS' ongoing inability to realistically balance its budget.

As a homeowner, you have to apply for the discount, which is only applied to the school tax portion of your tax bill. If you click on the handy link provided by Viralmd you should find the deadline dates (can't remember them off the top of my head.)

The amount of your discount if you are getting the basic STAR discount depends on the municipality in which you live (this info is also available at that Web site).
Once you note the discount, here's how to figure your STAR taxes. You take the home's assessment, subtract the municipality discount and then multiply that number by your school tax rate.
I.E. if your house assessment is $100K and your STAR discount is $20K, then $100K - $20K = $80K. This is the number you would use to figure only the school tax portion of your tax bill. STAR discount does not apply to town/village, county, fire, sewer or water district taxes.
Hope that helps.
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Old 07-23-2009, 04:34 AM
 
Location: Live in NY State, (sometimes) work in CT
6,471 posts, read 7,790,381 times
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There was an annual rebate check sent to homeowners making less than $125K/year (individual) or $250K/year (married) or to anyone over 65 years old regardless of income. This was just started over the last 2-3 years. This was in addition to the reduction on your school taxes. That is what was eliminated due to the budget, not the STAR program itself.

There was an interesting angle to those rebates few know aobut. I have a friend whose spouse has one of those issues (behind on student loans and/or taxes) where he loses his tax refunds to help pay up for this. They file their taxes jointly and always apply for "injured spouse" relief (where the share of the tax refund that belongs to the spouse NOT obligated to owe back taxes or student loans is calculated and she still gets her portion of the refund, albeit after a significant delay). Well, they seized the couple's entire STAR refund and insisted injured spouse does not apply here. She strongly felt a personal violation of rights, went to court and lost and didn't have the funds or will to keep appealing. So this whole thing is kind of bogus to me because of that. But that was only for the rebate checks, not STAR itself.
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Old 07-28-2009, 10:29 AM
 
Location: Sound Beach
2,155 posts, read 4,365,674 times
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Quote:
Originally Posted by PEmom View Post
I heard the STAR will be phased out in NY due to all the state budge problems. Is it true?
The STAR "rebate" check lot of us got last year is being phased out. You still get the tax break however...just not the extra rebate.
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Old 09-26-2009, 03:29 PM
 
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Hello,
I had heard there is something called "Double STAR for disabled people. in NY. Does anyone now abou this? Thanks H
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