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State Tax Department issues STAR tax credit guidelines

Jun 07, 2016
The New York State Department of Tax and Finance has published a form for distribution to new homeowners providing guidance on the new STAR tax credit program. Homeowners who purchased their current home prior to May 1, 2014 and already receive the STAR exemption under the current program do not have to do anything. There are no changes for them and they will continue to receive their STAR exemption. If a homeowner purchased a home between May 1, 2014 and Aug. 1, 2015, they may fall under the new STAR credit program and may have to apply. More information can be found here. Homeowners who purchased after Aug. 1, 2015 will fall under the new STAR credit program and will have to register here.
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Empire State home sales stay at elevated level during April

Against the backdrop of fewer homes on the market, homebuyers in New York State closed 8,640 sales during April, falling only 2.6 percent from April 2017. The median sales price growth trend continued, increasing by nearly 12 percent compared to last April to reach $260,000 for the month. Click here to read more.

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