The
New York State Department of Tax and Finance has published a
form for
distribution to new homeowners providing guidance on the new STAR tax credit program. Homeowners
who purchased their current home prior to May 1, 2014 and already receive the
STAR exemption under the current program do not have to do anything. There are
no changes for them and they will continue to receive their STAR exemption. If
a homeowner purchased a home between May 1, 2014 and Aug. 1, 2015, they may
fall under the new STAR credit program and may have to apply. More information
can be
found here. Homeowners who purchased after Aug. 1, 2015 will fall under the new STAR
credit program and will have to
register here.