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Reminder: STAR application deadline March 1

February 18, 2016
Westfield Republican

The Chautauqua County Office for the Aging would like to remind residents and seniors that the March 1 deadline to apply for the New York State School Tax Relief (STAR) Program is fast approaching. If you are already receiving a STAR exemption- there is no need to reapply.

Basic STAR is available for owner-occupied, primary residences where the resident owners' and their spouses' income is $500,000 or less. Through this program, it exempts the first $30,000 of the full value of a home from school taxes.

There is also Enhanced STAR, which provides an increased benefit for the primary residences of senior citizens ages 65 and older who have an income of $84,550 or less. Through this program, it exempts the first $65,300 of the full value of a home from school taxes. If you are receiving an Enhanced Senior Star exemption and not participating in the Income Verification Program (IVP) - you must provide evidence to the Assessor of income annually.

According to the New York State Department of Taxation and Finance's website, Chautauqua County residents who participate in Enhanced STAR can save between $510 and $1,797 and those who participate in Basic STAR can save between $255 and $840 on their annual school taxes depending on their school district.

To register for the Basic or Enhanced STAR Programs, individuals must complete Form RP-425 Application for School Tax Relief (STAR) Exemption and submit it to their local assessor. In addition, individuals applying for the Enhanced STAR program must demonstrate they meet the income requirement annually. This can be done by either sending their assessor a copy of their income tax returns for the appropriate income tax year annually, or by submitting Form RP-425-IVP School Tax Relief (STAR) Exemption: Optional Income Verification Program, which will authorize the New York State Department of Taxation and Finance to verify their income eligibility.

For more information about the Basic or Enhanced STAR programs, individuals can contact their local assessor's office or visit www.tax.ny.gov.

 
 
 

 

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