Maintaining Your Basic Star Exemption
But according to a recent report by the State Comptroller Thomas DiNapoli, taxpayers are being cheated out of tens of millions of dollars annually by property owners who have fraudulently gotten STAR exemptions. In response, a statewide accountability effort is underway to weed out the ineligibles.
State Senator Marty Golden and City Council Member Vinnie Gentile, in recent email blasts, have reminded homeowners with basic STAR exemptions to register with the state Department of Taxation and Finance by December 31 in order to keep their exemptions in 2014 and beyond. This one-time registration process is part of the effort to eliminate fraud and protect property tax revenues.
Starting this month, all current basic STAR recipients will get a letter from the Tax Department providing detailed instructions on how to register. The homeowner must enter the personalized code in the letter on-line or over the phone, and during registration, provide information confirming STAR eligibility.
Seniors who get the Enhanced STAR exemption are not subject to the new registration requirement.
Call the State Tax Department at (518) 457-2036 or visit the website with any questions.
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Posted by Kip at Thursday, August 22, 2013