Residents age 65 and older may qualify for property-tax savings
Residents age 65 and older must file an application with their local tax assessor by Friday, March 1, to take part in the state’s Enhanced STAR property-tax exemption.
The Enhanced STAR exemption is separate from the Basic STAR exemption, which applies to homeowners with a household income of up to $500,000. The Enhanced STAR program is for homeowners 65 and older with a household income of up to $86,300.
If a home is jointly owned, only one homeowner must be 65 years of age. There is also an additional senior tax exemption with income limits that vary in each municipality.
Applicants must include a copy of their 2017 tax returns with their application. Those enrolled in the Enhanced STAR program must file a renewal application and submit their 2017 tax returns.
Homeowners who are receiving the Basic STAR exemption do not need to reapply unless they own a different home. If you are a homeowner and are not receiving the Basic STAR exemption, you must apply by March 1.
For more information, including an application form, see tax.ny.gov.