Reminder to Homeowners: Renew Your BASIC STAR Exemption

district 2 skyline

The STATE’s deadline for homeowners to renew their BASIC STAR exemption is fast approaching!!! This exemption is worth on average $300 to each homeowner and  Independent Budget Office (IBO) currently estimates about 250,000 NYC households have not registered. These New Yorker’s are at risk of losing this benefit

HOW TO RENEW: by web (http://www.tax.ny.gov/pit/property/star13/default.htm) or call 518-457-2036.

Note this requirement for renewal applies only to BASIC Star recipients (not Enhanced Star which is for low-income elderly homeowners), and is run by the STATE of NY. Also, all funding for this program comes from the State, so it has no City budgetary impact.

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