New Income Thresholds for STAR Exemptions in 2011
New York State's School Tax Relief (STAR) Program provides property tax exemptions (also known as homestead exemptions) for New York homeowners. Starting in 2011, Basic STAR is available to anyone who owns and lives in his or her own home and earns less than $500,000. Previosuly Basic STAR had no income requirements. Enhanced STAR is available to senior homeowners whose incomes do not exceed $79,050.
Basic STAR works by exempting the first $30,000 of the full value of a home from school taxes. Enhanced STAR provides an increased benefit for the primary residences of senior citizens (age 65 and older) with qualifying incomes. For qualifying seniors, Enhanced STAR exempts the first $60,100 of the full value of their home from school taxes.
Dealines for STAR exemption applications are set by the local manucipalities so call your local assessor's office. You can download the application from the link below. If you need help ... AskRey.
Source: http://www.orps.state.ny.us/star/index.cfm