TICONDEROGA - Homeowners seeking STAR property tax reductions for the 2010-11 filing year must file for the exemptions by March 1, according to Ticonderoga Assessor Patti Osier.
There are four kinds of exemptions available to area homeowners:
- Basic STAR exemptions are for residents of any age or income bracket. Property owners need to apply only once to receive this exemption each year;
- Senior STAR exemptions are for residents who will be older than 65 sometime during 2010 and who have federally adjusted gross incomes of $74,700 or less;
- Senior low income STAR exemptions are for residents who will be older than 65 sometime during 2010 and who meet minimum income requirements, which vary by municipality. Residents should check with their local town or village assessor to determine if they qualify; and
- Veteran's exemptions are for residents who have been honorably discharged from active military service.
For more information on eligibility, residents should check with their local assessor's office before the March 1 deadline.