The New York State School Tax Relief Program (STAR) provides homeowners with two types of partial exemptions from school property taxes. If you earn less than $500,000 and own and live in your home, you’re probably eligible for the STAR exemption. There are two types of STAR exemption: Basic and Enhanced.
In addition, home owners can file for a property tax grievance, the following are some basic guidelines for property tax grievances:
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Once a home is under contract, the homeowner can file a grievance
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Lowering the real property taxes by $100 per month, will enable a buyer to purchase a house worth $20,000 more. This will not only get the Seller more money, it will get the Realtor more money in higher commissions.
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The filing deadlines in Nassau is March 1. Suffolk is always the 3rd Tuesday in May.
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Your taxes will never go up because you file a grievance.
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Your Star-Enhanced Star and Veterans exemptions are not affected by the tax grievance. Any savings is in addition to these exemptions.
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An estate, a trust, a homeowner and a buyer under contract can all file a tax grievance. A corporation can NOT file.
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A non-owner, rental property is not eligible.
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You generally can file every two years for a tax grievance.
There are many agencies who offer to file your grievance. Contact our agents for further information.
