Tax Information

  • NEW YORK STATE PROPERTY TAX FREEZE CREDIT

    New York State implemented a two-year program designed to encourage school districts to stay below the state's property tax cap by providing a tax credit to homeowners within school districts that comply. 

    For more information about the property tax cap, review the fact sheet below.


    NEW YORK STATE TAX CAP INFORMATION

    Click on the PDF files below to learn important New York State "Tax Cap" information.


    STAR INFORMATION

    STAR is the New York State School Tax Relief Program. It exempts a portion of a home’s full value from school property tax. All New Yorkers who own and live in their homes—no matter what type—are eligible for a STAR exemption on their primary residence.

    The STAR Program has two kinds of exemptions:

    Basic STAR: This exemption is available for owner-occupied, primary residences regardless of the owners’ ages for those with household incomes below $500,000. The program works by exempting a portion of the full value of a home from school taxes. Each city or town has a different exemption amount. Homeowners only need to apply for Basic STAR once and it remains in effect for that property each year.

    Enhanced STAR: This exemption is available for the primary residences of people age 65 and older with yearly household incomes that do not exceed state standards. Like Basic STAR, this program exempts a portion of the owner’s residence from school taxes, but the Enhanced STAR exemption is larger. Again, each city or town has a different exemption amount. Homeowners must reapply for Enhanced STAR every year (to verify eligibility).

    WHAT'S NEW:
    Posted August 1, 2016

    There have been some changes in how certain homeowners will apply for STAR, and in how they receive their STAR benefit. The STAR program continues to provide much-needed property tax relief to New York State's homeowners.

    New applicants who qualify for BASIC or Enhanced STAR:

    You will register with New York State instead of applying with your assessor.
    You will receive a STAR credit in the form of a check, rather than receiving a property tax exemption (if you qualify for STAR). The dollar value of the credit will be the same as the property tax exemption.

    New applicants who qualify for Enhanced STAR (or who will qualify in the future):
    You do not need to register separately to receive the Enhanced benefit if you've already registered to receive the Basic benefit.

    When you register for the STAR credit, the Tax Department will automatically review your application to determine whether you are eligible for the Basic or Enhanced STAR benefit amount. 

    If you are receiving a STAR exemption and purchased your current home prior to May 1, 2014, then you don't need to register; you will continue to receive the STAR exemption. 
    If you purchased your home between May 1, 2014, and August 1, 2015, then you need to register to receive the STAR credit if: you bought your home after the 2015 STAR application deadline, or you did not apply for the STAR exemption for your home by the 2015 application deadline.

    STAR is a state program, which school districts have no control over. For more information about the program visit the New York State Department of Taxation and Finance.

    Homeowners must go through their local assessor's office to apply for the Enhanced STAR exemptions. Click here for the Mechanicville City Assessor's website or reach them by phone at 664-2077.

    Click on the PDF files below to learn important information on the New York State STAR Program.

Related Files

Last Modified on November 21, 2017