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You received an Enhanced STAR Exemption on your prior year school tax bill. You must reapply and resubmit proof of income to continue receiving the exemption. The total 2013 income of all owners and any spouses of owners residing on the premises must be $83,300 or less. The definition of income is adjusted gross income for federal income tax purposes less any taxable distributions from an Individual Retirement Account (IRA). Please see the back of this form for a description of how to calculate.

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To be eligible for a homeowner tax rebate credit in 2022, you must have: qualified for a 2022 STAR credit or exemption, had income that was less than or equal to $250,000 for the 2020 income tax year, and. a school tax liability for the 2022-2023 school year that is more than your 2022 STAR benefit.

You only need to register once, and the Tax Department will send you a STAR credit check each year, as long as you're eligible. See the STAR resource center to learn more.

To be eligible to upgrade to the 2023 Enhanced STAR property tax exemption, seniors must: currently receive the Basic STAR property tax exemption; have one owner of the property who will be at least 65 years of age by December 31, 2023; and. have had 2021 income equal to or below $93,200.

The STAR exemption program is closed to all new applicants.

Age eligibility Each of the owners of the property must be 65 years of age or over, unless the owners are: husband and wife, or. siblings (having at least one common parent) and. one of the owners is at least 65.

To apply for the Enhanced STAR exemption, submit the following to your assessor: Form RP-425-IVP, Supplement to Form RP-425-E (include the Social Security numbers of all owners of the property and any of their spouses who reside at the property); and. Form RP-425-E, Application for Enhanced STAR Exemption.

If eligible, you will now receive a check for the STAR credit​instead of the reduction on your school tax bill. Due to recent changes in the law, beginning in 2019, the value of the STAR ​credit ​savings may increase by as much as 2% each year, but the value of the STAR ​exemption​savings cannot increase.

How much is the credit? The amount of the credit is the product of the amount of real property tax which exceeds 6% of the taxpayer's qualified gross income (QGI), and a specified rate based on the taxpayer's QGI. To claim the credit, the computed amount must exceed $250. The maximum credit allowed is $350.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232