Time Is Running Out For New York State Homeowners To Apply For Star Tax Exemptions

12.06.13 | Bob Price

The exemptions are available for owner-occupied, primary residences where the property owner and their spouses’ income is less than $500,000. STAR exempts the first $30,000 of the full value of a home from school taxes.  Senior citizens are eligible for "Enhanced STAR," which allows them to have the first $64,000 of the home's value exempted.  So far about 80 percent of homeowners who are eligible for the savings have re-applied.  The deadline to do so is December 31st. Depending on what school district you're in, it could be seven, eight, or nine-hundred dollars in savings on your property tax bill.