Transfer Of TitleTaxesEASY
STAR (School Tax Relief) in NY provides:
Correct Answer
B) Reduction in school taxes for primary residence
STAR provides school tax relief for owner-occupied primary residences.
Answer Options
A
Full property tax exemptionB
Reduction in school taxes for primary residenceC
Commercial tax benefitsD
Transfer tax reductionAudio Lesson3 min
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Related Concepts
Various programs and exemptions exist to reduce the property tax burden for specific groups, such as seniors, homesteaders, or veterans.
Homestead portability allows homeowners to transfer a portion of their accumulated homestead tax savings to a new homestead in the same state.
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