- Basic Star
- No age requirements
- Income must not exceed $500,000.00
- You must own the home & it must be your PRIMARY residence
- One-time application (until you move or become 65 years old)
- Application must be filed on or before March 1st
- Applies only to School Tax
- Enhanced Star
- Must be at least 65 years old
o Income limits apply (for 2011, income cannot exceed $79,050.00 (AGI 2009 tax form 1040)
- You must own the home & it must be your PRIMARY residence
- You must re-apply every year unless you qualify for the Income Verification Program (see Assessor’s Office for details)
- Applications must be filed on or before March 1st
- Applies only to School Tax
- Low Income Senior Exemption
- Must be at least 65 years old
o You must own the home for at least 1 year prior to application & it must be your PRIMARY residence
- Income limits apply (for 2011, actual income cannot exceed $32,400.00)
- Savings are pro-rated ….County, Town, School and Village percentage savings are determined by income level
- This exemption can apply to all taxes except Special District Charges
o Application must be filed on or before March 1st
o Approximate savings varies depending on income
- Veterans Exemptions
- War-Time Vet (15%), Combat Vet (25%) and Veteran Disability (50% x percentage of disability) exemptions are available (up to cap)\
- Cold War (15% County Only)
- Must be the PRIMARY residence of the veteran
- Your DD-214 must accompany your application
- Active Duty during specific periods of war
- Savings on County/Town tax only
- Application must be filed on or before March 1st
- Other Exemptions Available:
- Low-Income Disability
- Volunteer Fireman
- Agricultural Land
- Clergy
- Non-for-Profit
- Business (Business Investment = minimum of $10,000.00)
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