Are Any Property Tax Exemptions Available?
Yes. New York State publishes a full list of available exemptions here
Here are the most common exemptions with links to forms.
Details and qualification
|Basic STAR - School Tax Relief||Exempts first $30,000 of full value of home for school tax only||Owner-occupied, primary residences, modified income less than $500,000 per year ||RP-425|
|Enhanced STAR - School Tax Relief||Exempts first $62,200 of full value of home for school tax only||Owner-occupied, primary residence, owners age 65 as of December 31st of current year, modified income less than $81,900 per year. Requires both proof of age (driver's license) and copy of prior year's (2012) tax return (Form 1040, Page 1 only)||RP-425|
|Senior Citizen's Exemption||Exempts first 50% of full value of home from Town and County taxes||Owner-occupied, primary residents, owner's age 65 as of December 31st of current year, total income less than $29,000 (see note)||RP-467|
|Veteran's Exemption||Varies based on service; generally, exempts first 15% of assessed value (war time service) or 25% (combat service)||Owner-occupied, primary residence, served in time of war, show form DD-214; for full details visit the NYS website here||RP-458a|
|Exemption for Persons with Disabilities ||Exempts first 50% of full value of home from Town and County taxes||Owner-occupied, primary residence, documented evidence of disability, total income less than $29,000 (see here) ||RP-459c|