Over the past few days, there have been numerous news articles informing New York State property owners that they have to re-register for their STAR tax exemption. To set things straight – there is nothing you need to do right now to keep your STAR exemption.
New York State Senate Bill S02607 details the “STAR Registration Program.” The Program requires that the Commissioner of Taxation and Finance create a program requiring all property owners currently receiving or initially applying for a basic STAR exemption to register with the Commissioner. Current property owners have to register with the Commissioner by April 2014. Well before April 2014 (at least 60 days), the Commissioner will send out notices to property owners informing them of the registration deadline.
For all the current property owners out there who receive a STAR exemption, the game will come to you. You don’t have to do anything about your STAR exemption until you receive the notice from the Commissioner prior to the April 2014 deadline.