In an ongoing effort to supply residents with information on opportunities to reduce their property taxes, Hempstead Town Supervisor Kate Murray and Receiver of Taxes Don Clavin are alerting neighbors of an important update to New York State’s Enhanced STAR that could open the door for additional homeowners to take advantage of the helpful program.
Murray and Clavin said that New York State has increased the minimum household income level for the Enhanced STAR program from $81,900 to $83,300 for the 2015-16 filing year. The income levels are based on a homeowner’s Federal Adjusted Gross Income (AGI), less any taxable IRA distribution reported in 2013. To be eligible for Enhanced STAR, the property owner must be 65 years of age or older (in the year which the exemption takes effect). If jointly owned, only one of the property owners must be at least 65 years old.
“We want neighbors to be aware of all programs that can help cut their costs by reducing their property taxes,” Murray said. “I encourage residents to pursue all of the available tax exemptions for which they are eligible.” “Providing taxpayers with beneficial information to help reduce their tax burden is one of many ways we serve our residents,” Clavin added.
Senior property owners who do not qualify for Enhanced STAR may still be eligible for the state’s Basic STAR Property Tax Exemption. Basic STAR is available for owner-occupied, primary residences where the resident owner’s and their spouse’s income is less than $500,000.
Basic and Enhanced STAR Tax Exemption applications may be obtained from the Nassau County Department of Assessment by calling (516) 571-1500 or by visiting the department’s office located at 240 Old Country Road in Mineola, or downloading from Hempstead Town’s website, www.TOH.LI. The deadline to submit applications for the 2015-16 school tax year is on or before January 2, 2015.