TOWN OF GREENFIELD

The Assessor’s Corner

By John Bonanno, SCAA  

Assessment Dates & Info - Year 2010-11

Assessment Review Application .pdf

If you disagree with your assessment and want more information regarding

what you can do and how to file a complaint, you can go to

http://www.tax.ny.gov/pit/property/contest/contestasmt.htm

Link to Assessment Rolls - County Website

http://www.saratogacountyny.gov/subpage.asp?pageid=1263

Link to STAR Application Forms

http://www.tax.ny.gov/forms/orpts/star.htm

New Income Limit for Basic STAR

    ($500,000 limit starts with 2011 exemptions)

The Revenue Plan passed by the Assembly and Senate and signed into law by Governor Paterson as part of the New York State 2010-11 Budget includes a new provision to limit eligibility for Basic STAR to those with incomes of $500,000 or less.

Since STAR was first implemented in 1998, Basic STAR was available to virtually all homeowners regardless of their income.  (Enhanced STAR was only available to seniors whose incomes did not exceed a specified "income standard.")

Beginning in 2011, where the Department of Taxation and Finance (DTF) determines that a homeowners' income is greater that $500,000, the property will no longer be eligible for Basic STAR.

The new law defines income as the following:

    Income of all owners who reside primarily on the property as of taxable status date

    Income of any owners' spouses residing there

    Income from two years prior to the levy date (e.g. for the 2011-12 school levy, 2009 income will be used).

    Income is federal "adjusted gross income," less the taxable amount of total distributions from IRAs.