Star Program - Home Owners Must Re-Enroll To Receive by 2014 in NY

By
Real Estate Sales Representative with Keller Williams Realty
http://actvra.in/SZZ

As part of the budget that was passed last week by the New York State Legislature, homeowners will have to re-register to receive Basic STAR benefits by April 1, 2014.  2013 tax benefits will not be affected.  

To try and prevent fraud in the STAR program, STAR will now be administered through the New York State Department of Tax and Finance.  Starting in 2014, homeowners with an income of less than $500,000 may reapply for the exemption on the first $30,000 of the assessed value on their primary residence.  This one-time renewal will eliminate those who are receiving the benefit improperly, either by having the deduction on more than one property or exceeding the maximum income level, by creating a statewide database accessible to all local enforcement officials.  Details about how and when the reapplication period will begin have yet to be released.

new york star program changes

Posted by

Debra Walsh, GRI, CNE, CHMS, REM | Office (845) 928-8000 | email me
website www.viewhudsonvalleyhomes.com | search for homes

If you are Buying, Selling or Relocating to the Hudson Valley area and need help from a professional REALTOR®, I would be happy to assist you! Please visit my Hudson Valley website for property searches and to sign up for free listing alerts and other information.

facebook badge  twitter badge  LinkedIn badge  RSS badge  google badge

 

Follow Me on Pinterest
close

Re-Bloggged 2 times:

Re-Blogged By Re-Blogged At
  1. Lora "Leah" Stern 914-772-4528 04/03/2013 07:27 PM
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the sunglasses to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Real Estate Market Trends
Location:
New York Orange County Warwick
Groups:
I Love NY
Hyper-Local
Keller Williams
Hudson Valley
Posts to Localism
Tags:
star program changes

Comments 11 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
493,806
Lora "Leah" Stern 914-772-4528
Real Estate Salesperson
Coldwell Banker, 170 N Main Street, New City NY 10956

Debbie,  I wasn't aware of this - thanks for the update and I'll spread the work and will reblog.

April 03, 2013 07:24 PM
Ambassador
1,662,616
Dale Baker
New Hampshire Relocation and Views Info Blog
Baker Energy Audits and Commercial Properties Inspections

Howdy and evening Debra

Debra my friend
, folks sure are going to find your outstanding blog post to be mighty helpful. Its sure to bad that some folks feel the need to get benefits improperly.

Have a good one
Dale in New Hampshire

April 03, 2013 10:31 PM
Rainmaker
693,994
Debra Walsh
Hudson Valley NY Real Estate 845.928.8000
Keller Williams Realty

Thanks everyone for your comments...always important to know about tax breaks!

April 04, 2013 08:40 AM
Rainmaker
931,014
Nick T Pappas
Madison & Huntsville Alabama Real Estate Resource
Assoc. Broker/Broker ABR, SFR, e-Pro, @Homes Realty Group, Huntsville AL

Debbie, I don't think we have a program like that and although it doesn't sound like a lot of money, every little bit helps.

April 04, 2013 04:37 PM
Rainmaker
693,994
Debra Walsh
Hudson Valley NY Real Estate 845.928.8000
Keller Williams Realty

Nick - Around here it is relied on pretty heavily.

September 16, 2013 12:05 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pants to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
693,994

Debra Walsh

Hudson Valley NY Real Estate 845.928.8000
Ask Me A Question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the folder to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information


MyFreeCopyright.com Registered & Protected

Copyright © 2008-2014 Debra Walsh. All Rights Reserved.