listings say taxes with star. What does this mean?

Suguna
Suguna
Home Buyer
11729

Fri Apr 3 2009, 09:26 - Home Buying in East Northport - 3 answers
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Anna Brocco
Anna Brocco
Broker
Williston Park, NY

The actual taxes are higher; therefore request the figure without STAR exemptions.

Fri Apr 3 2009, 16:20
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Carol Bromm
Carol Bromm
Broker
Babylon, NY

Everyone is entitled to STAR if you live in the home and it is your primary residence.

Not everyone is entitled to enhanced STAR or Veteran's exemptions. That is why true taxes are always quoted, (not necessarily what the current owner pays) and the STAR is also shown. That is most likely what the new owner will pay.

It must be applied for by the new owner before March 1.

Carol Bromm, SRES, CBR
Associate Broker
Prudential Douglas Elliman, Babylon
631 422-8269

Fri Apr 3 2009, 11:36
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Carmen Di Biase
Carmen Di Biase
Agent
Rockland County, NY
FIRST ANSWER

Suguna,

NYS sponsors a STAR Tax relief program. The taxes stated on the listing are minus the STAR deduction. The actual taxes are higher.


For more info see: http://www.orps.state.ny.us/star/index.cfm

Fri Apr 3 2009, 10:09
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