Important Information for Star Exemption Recipients

if You Currently Receive Your Star Benefit as a Reduction on Your School Tax Bill (the Star Exemption), You Have the Option to Switch to the Star Credit; You Will Receive a Check Instead.

Note:  the Income Limit for the Basic Star Exemption is Now $250,000.  if Your Income is More Than $250,000, You Must Switch to the Credit to Continue Receiving a Star Benefit.

Due to Recent Changes in the Law, Beginning This Year:
• the Value of the Star Credit (by Check) May Increase by as Much as 2 Percent Each Year, but the Star Exemption (Reduction on Your School Tax Bill) Cannot Increase; and
• the Income Limit for the Basic Star Exemption is Now $250,000.

Who Must Switch?
• if Your Income is More Than $250,000, You Must Switch to the Star Credit to Continue Receiving Your Benefit.
• if Your Income is $250,000 or Less, You Have the Option to Switch.

How to Switch to the Star Credit:
First, Notify Your Assessor That You Wish to Withdraw Your Star Exemption.

• Sidney/town of Sidney/masonville Assessor – 607-265-9245 or 607-561-2336
• Unadilla Assessor: 607-369-4683
• Franklin Assessor – 607-829-5618
• Guilford Assessor – 607-895-6827

Second, Register for the Star Credit. Please Check the Nys Website Department of Taxation and Finance for Additional Information.